VOLVO AB UNSP ADR EACH REP 1 (NASDAQ:VLVLY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “Volvo AB is a manufacturer of trucks, buses, construction equipment and marine and industrial engines. It also develops, manufactures and markets equipment for construction and related industries, including wheel and backhoe loaders, hydraulic wheeled and crawler excavators, articulated and rigid haulers, compactors, pavers, pipe layers, road machinery under the brand names of Volvo, SDLG and Terex Trucks. The Company offers repair and maintenance, lease financing, insurance and financial services. It operates primarily in Europe, North America, South America, Asia, and internationally. Volvo AB is headquartered in Gothenburg, Sweden. “

Shares of VOLVO AB UNSP ADR EACH REP 1 (NASDAQ:VLVLY) opened at 11.47 on Wednesday. The firm has a market capitalization of $23.30 billion and a price-to-earnings ratio of 17.46. VOLVO AB UNSP ADR EACH REP 1 has a 52-week low of $8.69 and a 52-week high of $12.20. The company’s 50 day moving average price is $0.00 and its 200 day moving average price is $0.00.

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