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

Erste Group Bank cut shares of AXA (OTCMKTS:AXAHY) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks reports.

Other analysts also recently issued research reports about the company. Morgan Stanley reaffirmed an “overweight” rating on shares of AXA in a research note on Tuesday, August 4th. DZ Bank cut AXA from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Finally, Citigroup restated 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

AXA Price Performance

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

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.