AGEAS/S (OTCMKTS:AGESY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of AGEAS/S (OTCMKTS:AGESY) from a buy rating to a hold rating in a research note published on Wednesday, Zacks.com reports.

According to Zacks, “Ageas, formerly known as Fortis, is an international insurance company. The Company has chosen to concentrate its business activities in Europe and Asia. Ageas offers international insurance services such as life and non-life, disability, and medical to individuals and groups. The Company also has subsidiaries in France, Germany, Turkey, Ukraine and Hong Kong. Ageas operates partnerships in Luxembourg, Italy, Portugal, China, Malaysia, India and Thailand. “

Shares of AGESY stock opened at $49.85 on Wednesday. AGEAS/S has a one year low of $43.43 and a one year high of $55.54. The stock has a market cap of $9.99 billion, a P/E ratio of 10.28, a PEG ratio of 9.26 and a beta of 0.78. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.19.

AGEAS/S Company Profile

ageas SA/NV, together with its subsidiaries, engages in insurance business in Europe and Asia. It operates through Belgium, United Kingdom, Continental Europe, Asia, and Reinsurance segments. The company primarily offers property, casualty, and life insurance products, as well as pension products; and reinsurance products.

See Also: Cost of Debt

Get a free copy of the Zacks research report on AGEAS/S (AGESY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for AGEAS/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGEAS/S and related companies with MarketBeat.com's FREE daily email newsletter.