VOLVO AB/ADR (OTCMKTS:VLVLY) Given Consensus Recommendation of “Hold” by Brokerages
VOLVO AB/ADR (OTCMKTS:VLVLY) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.
VLVLY has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of VOLVO AB/ADR from a “hold” rating to a “sell” rating in a research note on Sunday, May 3rd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of VOLVO AB/ADR in a report on Friday, April 24th. ValuEngine raised VOLVO AB/ADR from a “strong sell” rating to a “sell” rating in a report on Friday, March 13th. Finally, UBS Group reissued a “neutral” rating on shares of VOLVO AB/ADR in a report on Friday, April 24th.
VOLVO AB/ADR stock traded down $0.07 during mid-day trading on Thursday, hitting $15.66. The company had a trading volume of 26,349 shares, compared to its average volume of 79,779. The stock has a market cap of $31.98 billion, a price-to-earnings ratio of 10.21 and a beta of 1.48. VOLVO AB/ADR has a 1 year low of $9.05 and a 1 year high of $18.05. The company has a quick ratio of 1.09, a current ratio of 1.37 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $14.47 and a 200 day moving average of $14.68.
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.
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