DNB Markets Upgrades Volvo Ab (NASDAQ:VLVLY) to “Buy”

Volvo Ab (NASDAQ:VLVLY) was upgraded by equities researchers at DNB Markets from a “hold” rating to a “buy” rating in a research note issued on Friday, September 1st.

Separately, Zacks Investment Research downgraded Volvo Ab from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th.

Shares of Volvo Ab (NASDAQ:VLVLY) traded up 0.43% during trading on Friday, reaching $18.83. 5,052 shares of the company were exchanged. Volvo Ab has a 1-year low of $10.09 and a 1-year high of $18.84. The company has a market cap of $38.26 billion and a PE ratio of 16.92.

Volvo Ab (NASDAQ:VLVLY) last released its quarterly 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 analysts’ expectations of $9.49 billion.

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