Volvo Stock Rating Upgraded by Societe Generale (VOLVY)
Volvo (NASDAQ:VOLVY) was upgraded by equities research analysts at Societe Generale from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
Volvo (NASDAQ:VOLVY) remained flat at $16.19 during trading on Friday. The stock had a trading volume of 639 shares. Volvo has a 1-year low of $12.79 and a 1-year high of $16.33. The stock has a 50-day moving average of $14.96 and a 200-day moving average of $14.46. The company has a market cap of $32.833 billion and a price-to-earnings ratio of 57.62.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG downgraded shares of Volvo (NASDAQ:VOLVY) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, July 25th. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Volvo (NASDAQ:VOLVY) from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, July 9th. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Volvo (NASDAQ:VOLVY) in a research note to investors on Tuesday, July 9th. They set a “market perform” rating on the stock.
Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Volvo presently has an average rating of “Buy”.
AB Volvo is a supplier of commercial transport solutions providing products, such as trucks, buses, construction equipment, engines and drive systems for boats and industrial applications, as well as aircraft engine components.
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