Zacks Investment Research Lowers ABLYNX (ABLYF) to Hold

ABLYNX (OTCMKTS:ABLYF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Ablynx NV is a biopharmaceutical company which engaged in the development of Nanobodies (R) proprietary therapeutic proteins based on single-domain antibody fragments. The company also discovers and develops therapeutic for inflammation, haematology, immuno-oncology, oncology and respiratory disease. Ablynx NV is headquartered in Ghent, Belgium. “

Separately, Bank of America started coverage on shares of ABLYNX in a research report on Friday, November 10th. They issued a “buy” rating and a $26.00 price target on the stock.

Shares of ABLYNX (ABLYF) opened at $38.48 on Friday. ABLYNX has a 1 year low of $11.10 and a 1 year high of $50.00.

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Ablynx NV, a biopharmaceutical company, develops Nanobodies that is a proprietary therapeutic protein based on single-domain antibody fragments for the treatment of various diseases. The company develops products in various therapeutic areas, such as inflammation, hematology, immuno-oncology, oncology, and respiratory diseases.

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