Zacks Investment Research Lowers AVIVA PLC/ADR (OTCMKTS:AVVIY) to Sell

Zacks Investment Research lowered shares of AVIVA PLC/ADR (OTCMKTS:AVVIY) from a hold rating to a sell rating in a report issued on Tuesday morning, 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. “

AVVIY has been the topic of a number of other reports. Citigroup lowered AVIVA PLC/ADR from a buy rating to a neutral rating in a research note on Tuesday, November 26th. Investec upgraded AVIVA PLC/ADR from an add rating to a buy rating in a research report on Thursday, October 17th. Barclays cut AVIVA PLC/ADR from an overweight rating to an equal weight rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. cut AVIVA PLC/ADR from an overweight rating to a neutral rating in a report on Friday, November 22nd. Finally, Deutsche Bank cut AVIVA PLC/ADR from a buy rating to a hold rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $12.00.

Shares of OTCMKTS AVVIY opened at $10.68 on Tuesday. AVIVA PLC/ADR has a one year low of $8.45 and a one year high of $11.66. The business’s fifty day moving average price is $10.70 and its 200-day moving average price is $10.21. The stock has a market capitalization of $21.31 billion, a PE ratio of 10.57 and a beta of 1.26.

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.

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