VOLVO AB/ADR (OTCMKTS:VLVLY) Now Covered by Analysts at Stephens
Stephens assumed coverage on shares of VOLVO AB/ADR (OTCMKTS:VLVLY) in a report issued on Wednesday, The Fly reports. The brokerage issued an equal weight rating on the stock.
A number of other equities analysts have also issued reports on VLVLY. ValuEngine lowered VOLVO AB/ADR from a hold rating to a sell rating in a research report on Thursday, August 1st. BNP Paribas initiated coverage on VOLVO AB/ADR in a research report on Tuesday. They issued an underperform rating on the stock. Royal Bank of Canada initiated coverage on VOLVO AB/ADR in a research report on Tuesday, June 4th. They issued a sector perform rating on the stock. Finally, HSBC reaffirmed a hold rating on shares of VOLVO AB/ADR in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $17.00.
VOLVO AB/ADR stock traded down $0.11 during midday trading on Wednesday, hitting $13.14. 38,418 shares of the company were exchanged, compared to its average volume of 24,543. The stock has a fifty day simple moving average of $15.19. The company has a market cap of $26.57 billion, a P/E ratio of 7.78, a PEG ratio of 1.50 and a beta of 1.51. VOLVO AB/ADR has a fifty-two week low of $12.06 and a fifty-two week high of $18.29.
About VOLVO AB/ADR
AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, and Dongfeng brands; and city and intercity buses, coaches, and bus chassis under the Volvo, Prevost, Nova Bus, and UD Bus brands.
Further Reading: Quiet Period
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