AXA (OTCMKTS:AXAHY) Share Price Crosses Above 200-Day Moving Average After Analyst Downgrade

Axa Sa (OTCMKTS:AXAHY)’s share price crossed above its 200-day moving average during trading on Monday after DZ Bank upgraded the stock from a hold rating to a strong-buy rating. The stock has a 200-day moving average of $48.06 and traded as high as $48.3050. AXA shares last traded at $48.14, with a volume of 132,104 shares changing hands.

A number of other equities research analysts have also weighed in on the stock. Citigroup reiterated a “buy” rating on shares of AXA in a research note on Thursday, August 27th. Erste Group Bank cut shares of AXA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Finally, Morgan Stanley reissued an “overweight” rating on shares of AXA in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

AXA Stock Up 6.2%

The firm has a fifty day simple moving average of $48.99 and a two-hundred day simple moving average of $48.10.

AXA Company Profile

AXA (OTCMKTS:AXAHY) is a global insurance and financial services group headquartered in Paris, France. The company provides property and casualty insurance, life insurance, health insurance, retirement and savings products, and related assistance services to individuals, businesses and institutional clients.

AXA serves customers across Europe, North America, Asia-Pacific, Africa and the Middle East through a network of insurance operations and distribution channels. Its business also includes asset management and investment solutions, supporting individual policyholders, corporate clients and institutional investors.

The group traces its origins to a mutual insurance company established in France in 1816 and adopted the AXA name in the 1980s as it expanded internationally.