Allianz (OTCMKTS:AZSEY) Upgraded to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Allianz (OTCMKTS:AZSEY) from a sell rating to a hold rating in a report released on Monday morning, Zacks.com reports.

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. “

Separately, Citigroup upgraded Allianz from a neutral rating to a buy rating in a research report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $26.00.

Shares of AZSEY stock opened at $22.39 on Monday. The company has a market cap of $95.37 billion, a price-to-earnings ratio of 10.83 and a beta of 0.92. Allianz has a fifty-two week low of $19.21 and a fifty-two week high of $24.57. The stock has a 50 day simple moving average of $23.90. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.36.

Allianz (OTCMKTS:AZSEY) last released its quarterly earnings results on Friday, August 2nd. The financial services provider reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Allianz had a return on equity of 11.74% and a net margin of 5.67%. The company had revenue of $30.62 billion for the quarter. On average, research analysts forecast that Allianz will post 2.22 EPS for the current fiscal year.

About Allianz

Allianz SE, together with its subsidiaries, provides property-casualty insurance, life/health insurance, and asset management products and services worldwide. The company's Property-Casualty segment offers various insurance products, including motor liability and own damage, accident, general liability, fire and property, legal expense, credit, and travel insurance products to private and corporate customers.

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Analyst Recommendations for Allianz (OTCMKTS:AZSEY)

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