Zacks Investment Research upgraded shares of Allianz (OTCMKTS:AZSEY) from a sell rating to a hold rating in a report published on Wednesday morning.
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. “
A number of other equities analysts have also commented on AZSEY. Deutsche Bank restated a buy rating on shares of Allianz in a research report on Tuesday, December 4th. ValuEngine upgraded shares of Allianz from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Credit Suisse Group upgraded shares of Allianz to a buy rating in a research report on Monday, November 19th. Barclays upgraded shares of Allianz from an equal weight rating to an overweight rating in a research report on Monday, November 26th. Finally, Bank of America upgraded shares of Allianz from an underperform rating to a buy rating in a research report on Wednesday, December 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Allianz presently has a consensus rating of Buy and a consensus price target of $25.00.
OTCMKTS:AZSEY opened at $22.41 on Wednesday. The stock has a market capitalization of $96.50 billion, a price-to-earnings ratio of 10.98 and a beta of 0.89. Allianz has a 12 month low of $19.21 and a 12 month high of $24.09.
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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