Zacks Investment Research Lowers ageas SA/NV (AGESY) to Strong Sell

ageas SA/NV (OTCMKTS:AGESY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Monday.

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. “

ageas SA/NV (OTCMKTS AGESY) traded up $0.19 during midday trading on Monday, hitting $47.51. The company had a trading volume of 1,204 shares, compared to its average volume of 3,317. ageas SA/NV has a fifty-two week low of $36.98 and a fifty-two week high of $49.47. The firm has a market cap of $9,908.81, a PE ratio of 63.95 and a beta of 0.87.

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ageas SA/NV Company Profile

ageas SA is an international insurance company. The Company’s business segments include Belgium, the United Kingdom, Continental Europe, Asia and General Account. The Belgian insurance activities operate under the name of AG Insurance. The Company’s business in the United Kingdom is a national provider of Nonlife insurance solutions.

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