Allianz (AZSEY) Downgraded to “Sell” at Zacks Investment Research

Allianz (OTCMKTS:AZSEY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

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. “

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Several other research firms have also recently issued reports on AZSEY. Credit Suisse Group raised Allianz to a “buy” rating in a research report on Monday, November 19th. Deutsche Bank reissued a “buy” rating on shares of Allianz in a research report on Tuesday, December 4th. Barclays raised Allianz from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 26th. Bank of America raised Allianz from an “underperform” rating to a “buy” rating in a research report on Wednesday, December 12th. Finally, ValuEngine raised Allianz from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Allianz currently has a consensus rating of “Buy” and an average price target of $25.00.

OTCMKTS AZSEY traded up $0.07 on Friday, reaching $22.02. 308,279 shares of the company were exchanged, compared to its average volume of 358,882. The firm has a market capitalization of $96.94 billion, a P/E ratio of 10.79 and a beta of 0.89. Allianz has a fifty-two week low of $19.21 and a fifty-two week high of $24.09.

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.

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