Allianz (OTCMKTS:AZSEY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Allianz (OTCMKTS:AZSEY) from a hold rating to a sell rating in a research note issued to investors on Tuesday, 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 Neste Oyj from a neutral rating to a buy rating in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Allianz presently has a consensus rating of Buy and a consensus target price of $26.00.



Shares of OTCMKTS:AZSEY opened at $24.31 on Tuesday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average of $23.51. The stock has a market cap of $102.95 billion, a PE ratio of 11.92 and a beta of 0.92. Allianz has a 52-week low of $19.21 and a 52-week high of $24.57.

Allianz (OTCMKTS:AZSEY) last issued its earnings results on Tuesday, May 14th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The company had revenue of $31.59 billion during the quarter. Allianz had a return on equity of 11.58% and a net margin of 5.59%. Analysts predict that Allianz will post 2.22 EPS for the current year.

Allianz Company Profile

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.

Featured Article: What is the Current Ratio?

Get a free copy of the Zacks research report on Allianz (AZSEY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Allianz (OTCMKTS:AZSEY)

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.