Zacks Investment Research upgraded shares of Ageas (OTCMKTS:AGESY) from a hold rating to a strong-buy rating in a research note issued to investors on Friday. Zacks Investment Research currently has $59.00 target price on the financial services provider’s stock.

According to Zacks, “Ageas, formerly known as Fortis, is an international insurance company. The Company has chosen to concentrate its business activities in Europe and Asia. Ageas offers international insurance services such as life and non-life, disability, and medical to individuals and groups. The Company also has subsidiaries in France, Germany, Turkey, Ukraine and Hong Kong. Ageas operates partnerships in Luxembourg, Italy, Portugal, China, Malaysia, India and Thailand. “

Separately, ValuEngine raised Ageas from a hold rating to a buy rating in a report on Friday, February 2nd.

Shares of Ageas (AGESY) opened at $52.09 on Friday. The company has a market capitalization of $10,796.66, a PE ratio of 14.84 and a beta of 0.88. Ageas has a 1-year low of $37.78 and a 1-year high of $53.93.

Ageas (OTCMKTS:AGESY) last posted its earnings results on Wednesday, February 21st. The financial services provider reported $1.55 EPS for the quarter. The firm had revenue of $4.13 billion for the quarter. Ageas had a return on equity of 3.57% and a net margin of 4.91%. research analysts predict that Ageas will post 4.48 EPS for the current fiscal year.

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About Ageas

ageas SA is an international insurance company. The Company’s business segments include Belgium, the United Kingdom, Continental Europe, Asia and General Account. The Belgian insurance activities operate under the name of AG Insurance. The Company’s business in the United Kingdom is a national provider of Nonlife insurance solutions.

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