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AB Volvo (NASDAQ:VOLVY) was downgraded by investment analysts at Societe Generale from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Shares of AB Volvo (NASDAQ:VOLVY) opened at 14.03 on Friday. AB Volvo has a 1-year low of $12.17 and a 1-year high of $16.33. The stock’s 50-day moving average is $15.14 and its 200-day moving average is $14.30. The company has a market cap of $28.453 billion and a P/E ratio of 38.44.

AB Volvo (NASDAQ:VOLVY) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.08.

A number of other firms have also recently commented on VOLVY. Analysts at Goldman Sachs downgraded shares of AB Volvo from a “neutral” rating to a “sell” rating in a research note on Monday. Separately, analysts at Robert W. Baird upgraded shares of AB Volvo from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 22nd. Finally, analysts at Deutsche Bank upgraded shares of AB Volvo from a “sell” rating to a “hold” rating in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold”.

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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