Barclays Initiates Coverage on AB Volvo (publ) (OTCMKTS:VLVLY)

Investment analysts at Barclays began coverage on shares of AB Volvo (publ) (OTCMKTS:VLVLY) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm set an “equal weight” rating on the stock.

AB Volvo (publ) Price Performance

Shares of OTCMKTS VLVLY opened at $25.56 on Wednesday. The stock has a market capitalization of $51.96 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 0.63 and a beta of 1.34. The business has a 50-day moving average of $25.97 and a 200-day moving average of $26.18. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.88. AB Volvo has a fifty-two week low of $19.26 and a fifty-two week high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its quarterly earnings results on Wednesday, April 17th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. AB Volvo (publ) had a return on equity of 29.66% and a net margin of 9.23%. The business had revenue of $12.62 billion during the quarter. As a group, sell-side analysts predict that AB Volvo will post 2.4 earnings per share for the current fiscal year.

About AB Volvo (publ)

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.