Is Allianz SE (OTCMKTS:AZSEY) Now a ‘Buy’? Why did Jefferies Upgrade The Stock?

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Allianz SE (OTCMKTS:AZSEY) Stock Upgrade

Jefferies gave Allianz SE (OTCMKTS:AZSEY) shares a new “Buy” rating in a note disseminated on Monday morning. The increase from the preceding “Hold” rating is certainly an interesting one.

From a total of 1 analysts covering Allianz SE (OTCMKTS:AZSEY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. Allianz SE was the topic of 2 analyst reports since October 13, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets upgraded shares on December 10 to “Outperform” rating.

Approximately 86,785 shares of stock traded hands. Allianz SE (ADR) (OTCMKTS:AZSEY) has risen 3.23% since May 11, 2015 and is uptrending. It has outperformed by 7.65% the S&P500.

Allianz SE is a holding company for Allianz Group. The company has a market cap of $79.73 billion. The Firm is a financial services provider. It has 11.22 P/E ratio. It offers products and solutions in insurance and asset management.

According to Zacks Investment Research, “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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