Barclays downgraded shares of Allianz (OTCMKTS:AZSEY) from an overweight rating to an equal weight rating in a research report sent to investors on Wednesday, The Fly reports.
Several other research analysts have also recently weighed in on AZSEY. ValuEngine cut shares of Allianz from a hold rating to a sell rating in a research report on Tuesday, August 6th. Zacks Investment Research lowered shares of Allianz from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Allianz has a consensus rating of Hold and an average price target of $26.00.
Shares of OTCMKTS AZSEY opened at $23.89 on Wednesday. The firm has a market capitalization of $101.40 billion, a P/E ratio of 11.71 and a beta of 0.91. The stock’s 50-day simple moving average is $24.21 and its two-hundred day simple moving average is $23.37. Allianz has a twelve month low of $19.21 and a twelve month high of $24.89.
Allianz (OTCMKTS:AZSEY) last issued its quarterly earnings results on Friday, November 8th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $30.57 billion during the quarter. Allianz had a return on equity of 11.23% and a net margin of 5.55%. On average, sell-side analysts expect that Allianz will post 2.17 EPS for the current fiscal year.
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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