Ageas SA (NASDAQ:AGESY) Downgraded by Zacks Investment Research

Ageas SA (OTCMKTS:AGESY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, November 1st.

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) traded down $0.37 during midday trading on Wednesday, hitting $47.53. 748 shares of the stock traded hands, compared to its average volume of 2,863. The company has a market cap of $10,030.26, a price-to-earnings ratio of 64.73 and a beta of 0.87. Ageas SA has a 12-month low of $36.98 and a 12-month high of $49.47.

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About Ageas SA

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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