Citigroup Initiates Coverage on VOLVO AB/ADR (OTCMKTS:VLVLY)

Investment analysts at Citigroup initiated coverage on shares of VOLVO AB/ADR (OTCMKTS:VLVLY) in a report released on Monday, Briefing.com Automated Import reports. The firm set a “buy” rating on the stock.

Other equities research analysts also recently issued research reports about the company. Stephens initiated coverage on VOLVO AB/ADR in a report on Wednesday, August 14th. They issued an “equal weight” rating for the company. ValuEngine raised VOLVO AB/ADR from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. BNP Paribas initiated coverage on VOLVO AB/ADR in a report on Tuesday, August 13th. They issued an “underperform” rating for the company. HSBC reissued a “hold” rating on shares of VOLVO AB/ADR in a report on Monday, July 22nd. Finally, Zacks Investment Research downgraded VOLVO AB/ADR from a “hold” rating to a “sell” rating in a report on Saturday, October 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.00.

VOLVO AB/ADR stock opened at $14.85 on Monday. VOLVO AB/ADR has a one year low of $12.06 and a one year 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 business has a fifty day moving average of $14.13 and a two-hundred day moving average of $14.73. The company has a market cap of $30.17 billion, a P/E ratio of 8.79, a price-to-earnings-growth ratio of 1.71 and a beta of 1.53.

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, 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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Analyst Recommendations for VOLVO AB/ADR (OTCMKTS:VLVLY)

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