AGEAS/S (AGESY) Upgraded to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of AGEAS/S (OTCMKTS:AGESY) from a sell rating to a hold rating in a research note released on Thursday.
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. “
Separately, ValuEngine downgraded shares of AGEAS/S from a hold rating to a sell rating in a report on Thursday, December 6th.
AGEAS/S (OTCMKTS:AGESY) last issued its earnings results on Wednesday, November 14th. The financial services provider reported $1.26 earnings per share for the quarter. AGEAS/S had a net margin of 7.31% and a return on equity of 8.64%. The firm had revenue of $3.48 billion during the quarter. Analysts predict that AGEAS/S will post 4.74 EPS for the current fiscal year.
ageas SA/NV, together with its subsidiaries, engages in insurance business in Europe and Asia. The company primarily offers property, casualty, and life insurance products, as well as pension products; and reinsurance products. Its life insurance products include risks related to the life and death of individuals; and non-life insurance products comprise accident and health, motor, fire and other damage to property, and other insurance products.
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