ABN AMRO Bank (OTCMKTS:AAVMY) Stock Gets Downgrade from Zacks Research

ABN AMRO Bank (OTCMKTS:AAVMY) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

Several other research firms have also recently weighed in on AAVMY. Royal Bank Of Canada restated an “outperform” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Citigroup reiterated a “buy” rating on shares of ABN AMRO Bank in a report on Friday, September 18th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a research report on Wednesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, ABN AMRO Bank currently has an average rating of “Moderate Buy”.

ABN AMRO Bank Price Performance

Shares of AAVMY opened at $44.79 on Monday. The firm has a 50 day moving average of $47.70 and a 200 day moving average of $40.23. ABN AMRO Bank has a twelve month low of $29.46 and a twelve month high of $50.63.

ABN AMRO Bank (OTCMKTS:AAVMY) last released its quarterly earnings data on Wednesday, August 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts predict that ABN AMRO Bank will post 3.63 EPS for the current fiscal year.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Netherlands-based financial institution headquartered in Amsterdam. The bank provides banking and financial services to individuals, businesses and institutional clients, with the Netherlands as its primary market and additional activities in selected European and international markets.

Its offerings include current and savings accounts, mortgages, consumer lending, payment services, investment products and personal financial advice. Through its business and corporate banking operations, ABN AMRO provides lending, cash management, trade finance, corporate finance and other banking services to small and medium-sized enterprises, larger companies and institutions.