UBS Group Downgrades AB Volvo (OTCMKTS:VLVLY) to Strong Sell

AB Volvo (OTCMKTS:VLVLY) was downgraded by analysts at UBS Group from a “strong-buy” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. Sanford C. Bernstein raised shares of AB Volvo from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Morgan Stanley lowered AB Volvo from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Zacks Research upgraded AB Volvo from a “strong sell” rating to a “hold” rating in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft downgraded shares of AB Volvo from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, The Goldman Sachs Group upgraded shares of AB Volvo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

AB Volvo Trading Up 1.7%

OTCMKTS:VLVLY traded up $0.55 on Tuesday, hitting $33.93. 3,670 shares of the stock were exchanged, compared to its average volume of 84,578. 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 $34.05. The stock has a market capitalization of $69.00 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 5.63 and a beta of 1.13. The company’s 50-day moving average price is $30.72 and its 200 day moving average price is $29.51.

AB Volvo (OTCMKTS:VLVLY) last posted its quarterly earnings results 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). AB Volvo had a net margin of 8.47% and a return on equity of 22.66%. The company had revenue of $11.75 billion during the quarter, compared to analyst estimates of $115.79 billion. On average, equities research analysts forecast that AB Volvo will post 2.38 earnings per share for the current 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.