Citigroup initiated coverage on shares of VOLVO AB/ADR (OTCMKTS:VLVLY) in a research note published on Monday morning, Briefing.com Automated Import reports. The firm issued a buy rating on the stock.
Other analysts have also recently issued research reports about the stock. BNP Paribas initiated coverage on shares of VOLVO AB/ADR in a research note on Tuesday, August 13th. They issued an underperform rating on the stock. Zacks Investment Research cut shares of VOLVO AB/ADR from a hold rating to a sell rating in a research note on Saturday, October 12th. HSBC reissued a hold rating on shares of VOLVO AB/ADR in a research note on Monday, July 22nd. ValuEngine raised shares of VOLVO AB/ADR from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Stephens initiated coverage on shares of VOLVO AB/ADR in a research note on Wednesday, August 14th. They issued an equal weight rating on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $17.00.
OTCMKTS:VLVLY opened at $15.05 on Monday. The firm’s 50-day moving average is $14.18 and its 200-day moving average is $14.72. VOLVO AB/ADR has a 52-week low of $12.06 and a 52-week high of $16.56. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.25. The company has a market cap of $30.19 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.71 and a beta of 1.53.
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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