Ageas SA (AGESY) Cut to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Ageas SA (OTCMKTS:AGESY) from a buy rating to a hold rating in a research note released on Tuesday.

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. “

Ageas SA (OTCMKTS:AGESY) opened at 36.935 on Tuesday. Ageas SA has a 52 week low of $31.65 and a 52 week high of $47.27. The company has a 50-day moving average of $35.49 and a 200-day moving average of $36.72. The company has a market cap of $7.70 billion, a PE ratio of 30.004 and a beta of 1.24.

Ageas SA Company Profile

ageas SA is an international insurance company. The Company’s business segments include Belgium, the United Kingdom, Continental Europe, Asia and General Account. The Belgian insurance activities operate under the name of AG Insurance. The Company’s business in the United Kingdom is a national provider of Nonlife insurance solutions.

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