Are Allianz SE (OTCMKTS:AZSEY) Shares a ‘Buy’ Now? RBC Capital Mkts Has Upgraded The Stock


Allianz SE (OTCMKTS:AZSEY) Stock Upgrade

RBC Capital Mkts gave Allianz SE (OTCMKTS:AZSEY) shares a new “Outperform” rating in a comprehensive report shared with investors on Thursday morning. The upgrade from the last “Sector Perform” rating is certainly an interesting one.

The stock decreased 0.28% or $0.05 on December 9, striking $17.67. Approximately 104,763 shares of stock traded hands. Allianz SE (ADR) (OTCMKTS:AZSEY) has risen 5.62% since May 7, 2015 and is uptrending. It has outperformed by 7.55% the S&P500.

Allianz SE is a holding company for Allianz Group. The company has a market cap of $80.43 billion. The Firm is a financial services provider. It has 11.51 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.” Get a free copy of the Zacks research report on Allianz SE (ADR) (AZSEY).