Valeo (OTCMKTS:VLEEY) Rating Increased to Hold at Zacks Investment Research

Valeo (OTCMKTS:VLEEY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Valeo SA designs, produces, and sells components, integrated systems, and modules for automobile industry. The Company has four business groups supplying products to the original equipment market and the aftermarket. The 4 Business Groups are: Powertrain Systems, Thermal Systems, Comfort and Driving Assistance Systems, and Visibility Systems. The Powertrain Systems offers electrical systems, transmission systems and hybrid and electric vehicle systems. The Thermal Systems products include climate control, compressors and front-end modules. The Comfort and Driving Assistance Systems products comprise driving assistance and access mechanisms. The Visibility Systems products are lighting systems, wiper Systems and wiper Motors. Valeo SA is headquartered in Paris, France. “

Other equities research analysts have also issued research reports about the company. Berenberg Bank reaffirmed a “buy” rating on shares of Valeo in a research note on Monday, July 26th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of Valeo in a research note on Wednesday, August 11th. Finally, Barclays reaffirmed an “equal weight” rating on shares of Valeo in a research note on Monday, August 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.00.

Shares of OTCMKTS:VLEEY opened at $13.71 on Wednesday. The business’s 50 day simple moving average is $14.03 and its 200-day simple moving average is $15.64. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of -5.27 and a beta of 2.03. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.85 and a quick ratio of 0.68. Valeo has a 12 month low of $12.12 and a 12 month high of $20.55.

Valeo Company Profile

Valeo SE is engaged in the design, production, and sale of components, integrated systems, and modules for the automobile industry. It operates through following business segments: Powertrain Systems, Thermal Systems, Comfort and Driving Assistance Systems and Visibility Systems. The Powertrain Systems segment deals with electrical, transmission, engine management, air management, and hybrid/electric vehicle systems.

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