Zacks Investment Research Lowers Allianz (OTCMKTS:AZSEY) to Sell

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Zacks Investment Research cut shares of Allianz (OTCMKTS:AZSEY) from a hold rating to a sell rating in a report issued on Friday morning, reports.

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. “

Separately, Citigroup upgraded Neste Oyj from a neutral rating to a buy rating in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $26.00.

OTCMKTS AZSEY opened at $24.10 on Friday. Allianz has a 52 week low of $19.21 and a 52 week high of $24.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.05 and a current ratio of 0.05. The business’s fifty day moving average is $23.76. The stock has a market cap of $102.06 billion, a price-to-earnings ratio of 11.81 and a beta of 0.92.

Allianz (OTCMKTS:AZSEY) last posted its quarterly earnings results on Tuesday, May 14th. The financial services provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. Allianz had a return on equity of 11.58% and a net margin of 5.59%. The business had revenue of $31.59 billion for the quarter. As a group, equities research analysts expect that Allianz will post 2.22 earnings per share for the current fiscal year.

About Allianz

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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