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

DNB Markets downgraded shares of Volvo Car AB (publ.) (NASDAQ:VLVOFGet Rating) from a hold rating to a sell rating in a research report report published on Friday, The Fly reports.

VLVOF has been the subject of a number of other research reports. Exane BNP Paribas cut 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 cut 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 assumed coverage on shares of Volvo Car AB (publ.) in a research note on Tuesday, May 17th. They set an outperform rating on the stock. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Volvo Car AB (publ.) presently has a consensus rating of Hold and an average price target of 80.67.

NASDAQ:VLVOF opened at 5.74 on Friday. Volvo Car AB has a 12 month low of 5.74 and a 12 month high of 10.02. The stock has a 50 day moving average of 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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