Allianz (AZSEY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Allianz (OTCMKTS:AZSEY) from a sell rating to a hold rating in a research report 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. “

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A number of other research firms have also recently weighed in on AZSEY. Credit Suisse Group raised shares of Allianz to a buy rating in a research note on Monday, November 19th. ValuEngine cut shares of Allianz from a hold rating to a sell rating in a research note on Thursday, November 1st. Deutsche Bank reaffirmed a buy rating on shares of Allianz in a research note on Tuesday, December 4th. Barclays raised shares of Allianz from an equal weight rating to an overweight rating in a research note on Monday, November 26th. Finally, Bank of America raised shares of Allianz from an underperform rating to a buy rating in a research note on Wednesday, December 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Allianz presently has an average rating of Buy and an average target price of $25.00.

OTCMKTS AZSEY opened at $22.41 on Wednesday. The firm has a market cap of $98.79 billion, a price-to-earnings ratio of 10.98 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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