ABN AMRO Bank (OTCMKTS:AAVMY) Stock Rating Cut to Hold at Zacks Research

ABN AMRO Bank (OTCMKTS:AAVMY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

AAVMY has been the subject of a number of other research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a research report on Wednesday, September 2nd. Finally, Citigroup reissued a “buy” rating on shares of ABN AMRO Bank in a report on Friday, September 18th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

ABN AMRO Bank Price Performance

AAVMY opened at $44.79 on Monday. The company’s 50 day moving average is $47.70 and its 200 day moving average is $40.23. ABN AMRO Bank has a 12-month low of $29.46 and a 12-month high of $50.63.

ABN AMRO Bank (OTCMKTS:AAVMY) last announced its earnings results on Wednesday, August 12th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Equities analysts forecast that ABN AMRO Bank will post 3.63 earnings per share for the current year.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Netherlands-based financial institution headquartered in Amsterdam. The bank provides banking and financial services to individuals, businesses and institutional clients, with the Netherlands as its primary market and additional activities in selected European and international markets.

Its offerings include current and savings accounts, mortgages, consumer lending, payment services, investment products and personal financial advice. Through its business and corporate banking operations, ABN AMRO provides lending, cash management, trade finance, corporate finance and other banking services to small and medium-sized enterprises, larger companies and institutions.