AXA (AXAHY) Downgraded by Zacks Investment Research to “Hold”

AXA (OTCMKTS:AXAHY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “The AXA Group is an international group of insurance and related financial services companies. AXA’s insurance operations are diverse geographically, with activities in 50 countries, principally Western Europe, North America and the Asia/Pacific area. In the United States, AXA is represented through its 60% holding in The Equitable companies and its subsidiaries, Equitable Life, Alliance Capital management and Donaldson, Lufkin & Jenrette. “

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A number of other equities research analysts have also commented on the company. Citigroup lowered AXA from a “buy” rating to a “neutral” rating in a research report on Tuesday. Macquarie raised AXA from an “underperform” rating to a “neutral” rating in a research report on Tuesday, March 6th. Finally, ValuEngine lowered AXA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th.

AXA (OTCMKTS AXAHY) traded down $0.10 during trading hours on Tuesday, reaching $27.47. The company’s stock had a trading volume of 142,024 shares, compared to its average volume of 189,313. AXA has a 1 year low of $24.20 and a 1 year high of $33.86.

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About AXA

AXA SA (AXA) is a France-based holding company engaged in the business of financial protection. The Company’s segments include Life & Savings, Property & Casualty, Asset Management , Banking and Holding companies. The Life & Savings segment’s products include a range of investment and savings products, as well as Protection and Health products.

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