VOLVO AB/ADR (OTCMKTS:VLVLY) Cut to Sell at ValuEngine

ValuEngine downgraded shares of VOLVO AB/ADR (OTCMKTS:VLVLY) from a hold rating to a sell rating in a research report report published on Thursday, ValuEngine reports.

A number of other research firms have also commented on VLVLY. Stephens initiated coverage on VOLVO AB/ADR in a research note on Wednesday, August 14th. They issued an equal weight rating on the stock. Citigroup initiated coverage on VOLVO AB/ADR in a research note on Monday, October 21st. They issued a buy rating on the stock. HSBC reiterated a hold rating on shares of VOLVO AB/ADR in a research note on Monday, July 22nd. BNP Paribas initiated coverage on VOLVO AB/ADR in a research note on Tuesday, August 13th. They issued an underperform rating on the stock. Finally, Zacks Investment Research lowered VOLVO AB/ADR from a hold rating to a sell rating in a research note on Saturday, October 12th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $17.00.

Shares of VOLVO AB/ADR stock traded up $0.28 during midday trading on Thursday, hitting $15.77. The company’s stock had a trading volume of 7,784 shares, compared to its average volume of 28,614. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 0.78. The stock has a 50-day simple moving average of $14.52 and a 200-day simple moving average of $14.66. The firm has a market capitalization of $31.50 billion, a P/E ratio of 9.33, a PEG ratio of 1.76 and a beta of 1.54. VOLVO AB/ADR has a 1-year low of $12.06 and a 1-year high of $16.56.

VOLVO AB/ADR (OTCMKTS:VLVLY) last posted its quarterly earnings data on Friday, October 18th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $9.73 billion. VOLVO AB/ADR had a return on equity of 27.74% and a net margin of 7.31%. As a group, sell-side analysts predict that VOLVO AB/ADR will post 1.76 earnings per share for the current year.


AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, and Dongfeng brands; and city and intercity buses, coaches, and bus chassis under the Volvo, Prevost, Nova Bus, and UD Bus brands.

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Analyst Recommendations for VOLVO AB/ADR (OTCMKTS:VLVLY)

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