Deutsche Bank Aktiengesellschaft Downgrades AB Volvo (OTCMKTS:VLVLY) to Hold

AB Volvo (OTCMKTS:VLVLY) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Tuesday, MarketBeat.com reports.

Several other research firms also recently issued reports on VLVLY. Sanford C. Bernstein raised AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. The Goldman Sachs Group downgraded shares of AB Volvo from a “buy” rating to a “neutral” rating in a research report on Monday, September 8th. Citigroup upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Finally, Zacks Research downgraded shares of AB Volvo from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

AB Volvo Stock Up 1.5%

Shares of VLVLY opened at $31.36 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.85 and a current ratio of 1.12. AB Volvo has a 52 week low of $22.55 and a 52 week high of $33.33. The stock has a market capitalization of $63.77 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 6.73 and a beta of 1.14. The stock has a fifty day moving average of $28.46 and a 200-day moving average of $28.66.

AB Volvo (OTCMKTS:VLVLY) last issued its quarterly earnings data on Friday, October 17th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.13). The firm had revenue of $11.75 billion for the quarter, compared to the consensus estimate of $115.79 billion. AB Volvo had a return on equity of 22.66% and a net margin of 8.47%. As a group, sell-side analysts anticipate that AB Volvo will post 2.38 earnings per share for the current fiscal year.

AB Volvo Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.