Volvo AB (VOLVY) Given Average Recommendation of “Hold” by Analysts

Shares of Volvo AB (OTCMKTS:VOLVY) have been given an average recommendation of “Hold” by the five research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company.

Separately, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Volvo AB in a research 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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