Allianz (OTCMKTS:ALIZY) Raised to Buy at Jefferies Financial Group

Allianz (OTCMKTS:ALIZY) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports.

Several other research firms have also recently issued reports on ALIZY. Commerzbank upgraded shares of Allianz from a “hold” rating to a “buy” rating in a research report on Monday. Barclays reissued an “equal weight” rating on shares of Allianz in a report on Wednesday, June 9th. Berenberg Bank reissued a “buy” rating on shares of Allianz in a report on Monday, April 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Allianz in a report on Monday, May 17th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Allianz in a report on Tuesday, May 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy”.

Allianz stock opened at $24.52 on Thursday. The company has a market capitalization of $101.09 billion, a PE ratio of 10.90 and a beta of 1.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.06 and a current ratio of 0.06. Allianz has a 1 year low of $17.39 and a 1 year high of $26.85. The firm’s 50 day moving average is $25.75.

Allianz (OTCMKTS:ALIZY) last released its quarterly earnings data on Wednesday, May 12th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.19. The firm had revenue of $34.84 billion for the quarter. Allianz had a net margin of 5.73% and a return on equity of 10.41%. Sell-side analysts expect that Allianz will post 2.39 earnings per share for the current fiscal 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 to private and corporate customers.

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