Volvo Ab (VLVLY)

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AB Volvo Rating Increased to Outperform at Robert W. Baird (VOLVY)
Posted by Wayne Rhoads on Apr 24th, 2014

AB Volvo (OTCMKTS:VOLVY) was upgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, AnalystRatingsNetwork.com reports.

Shares of AB Volvo (OTCMKTS:VOLVY) traded up 0.89% during mid-day trading on Tuesday, hitting $15.59. The stock had a trading volume of 11,694 shares. AB Volvo has a 1-year low of $12.17 and a 1-year high of $16.33. The stock’s 50-day moving average is $15.53 and its 200-day moving average is $13.99. The company has a market cap of $31.618 billion and a P/E ratio of 58.53.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank upgraded shares of AB Volvo from a “sell” rating to a “hold” rating in a research note on Wednesday, April 16th. Analysts at Citigroup Inc. upgraded shares of AB Volvo from a “neutral” rating to a “buy” rating in a research note on Monday, February 24th.

AB Volvo is a Sweden-based supplier of commercial transport solutions providing products, such as trucks, buses, construction equipment, engines and drive systems for boats and industrial applications, industrial engines and systems, industrial information technology (OTCMKTS:VOLVY) solutions, logistics solutions, aircraft engine components, as well as services and support, such as roadside assistance, fuel management and driver training.

http://zolmax.com/investing/ab-volvo-rating-increased-to-outperform-at-robert-w-baird-volvy/251957/