Volvo AB (VOLVY) Given Consensus Recommendation of “Hold” by Brokerages

Volvo AB (OTCMKTS:VOLVY) has been given a consensus rating of “Hold” by the five research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company.

Separately, Wells Fargo & Company reissued an “outperform” rating on shares of Volvo AB in a report on Wednesday, June 28th.

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Volvo AB Company Profile

AB Volvo is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. Its segments include Trucks, Construction Equipment, Buses, Volvo Penta, Group functions & Other, and Financial Services.

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