VOLVO AB/ADR (VLVLY) Downgraded by ValuEngine

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ValuEngine cut shares of VOLVO AB/ADR (OTCMKTS:VLVLY) from a hold rating to a sell rating in a research report released on Tuesday morning.

Separately, Zacks Investment Research upgraded VOLVO AB/ADR from a sell rating to a buy rating and set a $19.00 price objective for the company in a research report on Tuesday, July 24th.

Shares of VOLVO AB/ADR stock opened at $17.03 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.12 and a quick ratio of 0.82. VOLVO AB/ADR has a 1 year low of $15.30 and a 1 year high of $20.86. The company has a market cap of $34.95 billion, a P/E ratio of 13.85, a P/E/G ratio of 0.73 and a beta of 1.47.

VOLVO AB/ADR (OTCMKTS:VLVLY) last issued its quarterly earnings data on Thursday, July 19th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.16. VOLVO AB/ADR had a return on equity of 24.08% and a net margin of 6.94%. The firm had revenue of $11.96 billion during the quarter, compared to the consensus estimate of $10.99 billion. analysts forecast that VOLVO AB/ADR will post 1.58 EPS for the current fiscal year.

VOLVO AB/ADR Company Profile

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, and internationally. The company offers trucks for long-haulage, construction, and distribution purposes under the Volvo, UD, Renault, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis under the Volvo, UD, Prevost, and Nova Bus brands.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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