AB Volvo (OTCMKTS:VLVLY) Cut to Sector Perform at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of AB Volvo (OTCMKTS:VLVLY) from an outperform rating to a sector perform rating in a report issued on Friday, MarketBeat reports.

A number of other brokerages have also weighed in on VLVLY. Citigroup raised AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. The Goldman Sachs Group raised AB Volvo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Morgan Stanley cut shares of AB Volvo from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 13th. Zacks Research upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a research note on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, AB Volvo has an average rating of “Hold”.

AB Volvo Stock Down 1.3%

Shares of OTCMKTS:VLVLY opened at $38.53 on Friday. The firm has a 50 day simple moving average of $34.14 and a 200-day simple moving average of $30.78. The company has a market capitalization of $78.35 billion, a PE ratio of 18.89, a P/E/G ratio of 9.06 and a beta of 1.15. AB Volvo has a twelve month low of $22.55 and a twelve month high of $39.62. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.79.

AB Volvo (OTCMKTS:VLVLY) last posted its earnings results on Wednesday, January 28th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.04. AB Volvo had a return on equity of 23.01% and a net margin of 8.47%.The business had revenue of $14.01 billion during the quarter, compared to the consensus estimate of $13.42 billion. On average, equities analysts predict that AB Volvo will post 2.38 EPS for the current fiscal year.

About AB Volvo

AB Volvo (Volvo Group) is a Swedish multinational manufacturing company headquartered in Gothenburg. The company designs, manufactures and sells a broad range of commercial vehicles and related systems, including heavy- and medium-duty trucks, buses, and construction equipment. In addition to vehicles and machinery, Volvo supplies marine and industrial power systems through its Volvo Penta division and offers parts, service, telematics and financing solutions to commercial customers worldwide.

Key product and business lines include Volvo Trucks and Mack-branded heavy trucks, a global bus and coach offering, Volvo Construction Equipment, and power systems for marine and industrial applications.