HSBC Upgrades AB Volvo to “Overweight” (VOLVY)
AB Volvo (OTCMKTS:VOLVY) was upgraded by investment analysts at HSBC from a “neutral” rating to an “overweight” rating in a note issued to investors on Thursday, American Banking News.com reports.
Shares of AB Volvo (OTCMKTS:VOLVY) opened at 13.95 on Thursday. AB Volvo has a one year low of $12.17 and a one year high of $16.33. The stock has a 50-day moving average of $12.88 and a 200-day moving average of $13.94. The company has a market cap of $28.291 billion and a price-to-earnings ratio of 48.61.
AB Volvo is a Sweden-based supplier of commercial transport solutions providing products, such as trucks, buses, construction equipment, engines and drive systems for boats and industrial applications, industrial engines and systems, industrial information technology (OTCMKTS:VOLVY) solutions, logistics solutions, aircraft engine components, as well as services and support, such as roadside assistance, fuel management and driver training.
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