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

AXA (OTCMKTS:AXAHY) was downgraded by Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

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

AXA Stock Down 2.5%

Shares of OTCMKTS AXAHY opened at $50.51 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a fifty day moving average of $51.12 and a 200-day moving average of $48.34. AXA has a 52-week low of $43.04 and a 52-week high of $52.56.

About AXA

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.