Shares of Volvo AB (OTCMKTS:VOLVY) have been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the stock. Four research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company.
VOLVY has been the subject of several research analyst reports. Goldman Sachs Group Inc. lowered shares of Volvo AB from a “neutral” rating to a “sell” rating in a report on Tuesday. Piper Jaffray Cos. lowered shares of Volvo AB from a “neutral” rating to an “underweight” rating in a report on Friday, November 4th.