Swiss Life (OTCMKTS:SZLMY) Stock Crosses Below 50-Day Moving Average – Here’s Why

Swiss Life Holding AG (OTCMKTS:SZLMY) shares passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $57.35 and traded as low as $53.9910. Swiss Life shares last traded at $54.35, with a volume of 10,040 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SZLMY. Zacks Research upgraded shares of Swiss Life to a “hold” rating in a research report on Thursday, June 25th. Barclays upgraded shares of Swiss Life to a “strong-buy” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Swiss Life Trading Up 1.3%

The firm has a 50-day simple moving average of $57.20 and a 200 day simple moving average of $56.14.

Swiss Life Company Profile

Swiss Life AG is a Switzerland-based insurance and financial services group headquartered in Zurich. Founded in 1857 as Schweizerische Lebensversicherungs- und Rentenanstalt, the company has developed into one of Switzerland’s major providers of insurance, pensions and financial planning services.

Swiss Life offers life insurance, occupational pension solutions, individual retirement products and financial advice for private customers, companies and institutional clients. Its activities also include property and casualty insurance in selected markets, asset management and real estate investment services, as well as advisory services provided through brands such as Swiss Life Select.

The group’s principal markets are Switzerland, France and Germany, while its international corporate solutions business serves multinational companies and internationally mobile employees.