Volvo Ab (VLVLY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Volvo Ab (NASDAQ:VLVLY) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday, July 13th.

According to Zacks, “Volvo AB is a manufacturer of trucks, buses, construction equipment and marine and industrial engines. It also develops, manufactures and markets equipment for construction and related industries, including wheel and backhoe loaders, hydraulic wheeled and crawler excavators, articulated and rigid haulers, compactors, pavers, pipe layers, road machinery under the brand names of Volvo, SDLG and Terex Trucks. The Company offers repair and maintenance, lease financing, insurance and financial services. It operates primarily in Europe, North America, South America, Asia, and internationally. Volvo AB is headquartered in Gothenburg, Sweden. “

Shares of Volvo Ab (NASDAQ:VLVLY) opened at 17.42 on Thursday. Volvo Ab has a 52-week low of $10.09 and a 52-week high of $18.07. The firm has a market capitalization of $35.40 billion and a price-to-earnings ratio of 16.13.

Volvo Ab (NASDAQ:VLVLY) last announced its earnings results on Wednesday, July 19th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $10.03 billion for the quarter, compared to analyst estimates of $9.49 billion.

TRADEMARK VIOLATION NOTICE: “Volvo Ab (VLVLY) Rating Lowered to Hold at Zacks Investment Research” was first posted by BBNS and is owned by of BBNS. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://baseballnewssource.com/markets/volvo-ab-vlvly-lowered-to-hold-at-zacks-investment-research-updated-updated-updated/1198589.html.

Get a free copy of the Zacks research report on Volvo Ab (VLVLY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Volvo Ab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Volvo Ab and related companies with our FREE daily email newsletter.

 


Latest News

Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury


Leave a Reply

 
© 2006-2017 BBNS.