Volvo Car AB (publ.) (NASDAQ:VLVOF) Downgraded to “Sell” at DNB Markets

Volvo Car AB (publ.) (NASDAQ:VLVOFGet Rating) was downgraded by stock analysts at DNB Markets from a “hold” rating to a “sell” rating in a research note issued on Friday, The Fly reports.

Several other research firms have also weighed in on VLVOF. Exane BNP Paribas lowered shares of Volvo Car AB (publ.) from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 17th. Nordea Equity Research lowered shares of Volvo Car AB (publ.) from a “buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Finally, Sanford C. Bernstein began coverage on shares of Volvo Car AB (publ.) in a research report on Tuesday, May 17th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Volvo Car AB (publ.) has an average rating of “Hold” and an average target price of 80.67.

Volvo Car AB (publ.) stock opened at 5.74 on Friday. Volvo Car AB has a 52-week low of 5.74 and a 52-week high of 10.02. The stock’s 50 day moving average price is 5.74.

About Volvo Car AB (publ.) (Get Rating)

Volvo Car AB (publ.) designs, develops, manufactures, markets, assembles, and sells passenger cars in Europe, China, the United States, and internationally. The company offers sedans and SUV vehicles under the Volvo brand; and electric cars under the Volvo and Polestar brands. It also provides vehicle parts and accessories, as well as sells online.

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