AGEAS/S (OTCMKTS:AGESY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, reports.

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. “

AGESY stock traded down $0.53 on Wednesday, reaching $49.85. 2,960 shares of the company’s stock were exchanged, compared to its average volume of 4,961. AGEAS/S has a twelve month low of $43.43 and a twelve month high of $55.54. The firm has a market capitalization of $9.89 billion, a PE ratio of 10.28, a P/E/G ratio of 9.24 and a beta of 0.77. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.06 and a quick ratio of 0.06.

AGEAS/S Company Profile

ageas SA/NV, together with its subsidiaries, engages in insurance business in Europe and Asia. It operates through Belgium, United Kingdom, Continental Europe, Asia, and Reinsurance segments. The company primarily offers property, casualty, and life insurance products, as well as pension products; and reinsurance products.

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