AXA (OTCMKTS:AXAHY) Lowered to “Hold” Rating by Erste Group Bank

AXA (OTCMKTS:AXAHY) was downgraded by equities research analysts at Erste Group Bank from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

Other equities analysts also recently issued research reports about the stock. DZ Bank downgraded shares of AXA from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Morgan Stanley reiterated an “overweight” rating on shares of AXA in a report on Tuesday, August 4th. Finally, Citigroup reiterated a “buy” rating on shares of AXA in a report on Thursday, August 27th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

AXA Stock Down 2.5%

AXA stock opened at $50.51 on Tuesday. AXA has a 12-month low of $43.04 and a 12-month high of $52.56. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average is $51.12 and its two-hundred day moving average is $48.34.

AXA Company Profile

AXA SA is a France-based multinational insurance group that provides protection, savings and investment solutions to individuals, businesses and institutional clients. Its offerings include property and casualty insurance, life insurance, health coverage, retirement products and assistance services.

The company operates through a broad international network serving customers across Europe, North America, Asia-Pacific, Africa and other markets. AXA also provides insurance-related risk management and asset-management services, although its business portfolio can change as the group adjusts its operations and ownership interests.

AXA traces its modern corporate history to the formation of Mutuelles Unies in 1985, which adopted the AXA name later that decade.