AVIVA PLC/ADR (OTCMKTS:AVVIY) Rating Increased to Hold at Zacks Investment Research

AVIVA PLC/ADR (OTCMKTS:AVVIY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Aviva has established a competitive position in North America. In the US, the world’s largest savings market, Aviva is the leading provider of indexed annuity and indexed life insurance products. Its principal activity is the provision of financial products and services, focused on the following lines of business: long-term insurance and savings business, fund management and general insurance and health. The company’s business is managed on a geographic basis through a regional management structure based on four regions, U.K., Europe, North America and Asia Pacific. The four regions function as five operating segments as, due to the size of the U.K. region, it is split into two operating segments, U.K. Life and U.K. General Insurance, which undertake long term insurance and savings business and general insurance respectively. “

Several other equities research analysts have also recently weighed in on AVVIY. Investec upgraded AVIVA PLC/ADR from an “add” rating to a “buy” rating in a report on Thursday, October 17th. ValuEngine cut AVIVA PLC/ADR from a “hold” rating to a “sell” rating in a report on Saturday, October 19th.

OTCMKTS AVVIY traded up $0.04 on Tuesday, hitting $11.24. The company’s stock had a trading volume of 23,402 shares, compared to its average volume of 191,379. AVIVA PLC/ADR has a 52-week low of $8.45 and a 52-week high of $11.66. The company’s 50-day simple moving average is $10.46 and its 200 day simple moving average is $10.20. The firm has a market cap of $22.69 billion, a P/E ratio of 11.13 and a beta of 1.20.

AVIVA PLC/ADR Company Profile

Aviva plc provides various insurance and savings products primarily in the United Kingdom, rest of Europe, North America, and South-East Asia. The company offers life insurance, long term health and accident insurance, savings, pension, and annuity products; and lifetime mortgage products. It also provides insurance cover to individuals, and small and medium-sized businesses for risks associated primarily with motor vehicles and medical expenses, as well as property and liability, such as employers' and professional indemnity liabilities.

Further Reading: Sell-Side Analysts

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