Allianz (AZSEY) Downgraded to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Allianz (OTCMKTS:AZSEY) from a buy rating to a hold rating in a research note published on Thursday morning.
According to Zacks, “Allianz AG’s principal activities are carried out through four divisions: Life/Health: Provides any of life and heath insurances; Property/Casualty: Provides property and casualty insurance, travel insurance and credit insurance; Banking: Provides a range of banking services, including lending, deposit taking, investment banking; Asset Management: Asset Management for third party investor and Asset under Management which cover the owners investments. “
Several other analysts have also recently issued reports on AZSEY. ValuEngine raised Allianz from a buy rating to a strong-buy rating in a research note on Tuesday, September 26th. Barclays raised Allianz from an underweight rating to a hold rating in a research note on Monday, December 11th. Royal Bank of Canada reissued a neutral rating on shares of Allianz in a research note on Monday, November 6th. Citigroup reissued a neutral rating on shares of Allianz in a research note on Monday, November 13th. Finally, DZ Bank reissued a buy rating on shares of Allianz in a research note on Wednesday, November 1st. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $28.00.
Allianz (OTCMKTS:AZSEY) last announced its quarterly earnings data on Thursday, November 9th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter. Allianz had a return on equity of 10.35% and a net margin of 5.72%. equities analysts predict that Allianz will post 1.85 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Allianz (AZSEY) Downgraded to “Hold” at Zacks Investment Research” was published by Watch List News and is owned by of Watch List News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.watchlistnews.com/allianz-azsey-downgraded-to-hold-at-zacks-investment-research/1817482.html.
Allianz SE is a financial service company. The Company is the holding company of the Allianz Group (Allianz SE and its subsidiaries). The Company’s segments include Property-Casualty, Life/Health, Asset Management, and Corporate and Other. The Company provides a range of reinsurance coverage, primarily to Allianz insurance entities, as well as to third-party customers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Allianz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allianz and related companies with MarketBeat.com's FREE daily email newsletter.