Swiss Life (OTCMKTS:SZLMY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Swiss Life Holding AG (OTCMKTS:SZLMY) saw unusually-high trading volume on Monday. 31,301 shares traded hands during trading, an increase of 151% from the previous session’s volume of 12,470 shares. The stock last traded at $53.32 and had previously closed at $53.30.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SZLMY. Zacks Research raised Swiss Life to a “hold” rating in a research report on Thursday, June 25th. Barclays upgraded Swiss Life to a “strong-buy” rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Swiss Life currently has an average rating of “Moderate Buy”.

Swiss Life Price Performance

The stock’s 50 day moving average is $56.29 and its two-hundred day moving average is $56.23.

Swiss Life Company Profile

Swiss Life Holding AG is a Switzerland-based insurance and financial services group founded in 1857. The company provides life insurance, health and property insurance, occupational pension solutions, and other retirement and risk-protection products for individuals, businesses and institutional clients.

In addition to insurance, Swiss Life offers financial planning, investment advice and asset-management services. Its advisory activities support private clients with retirement planning, estate planning and wealth management, while its corporate business includes employee-benefit and pension solutions.

Swiss Life primarily serves customers in Switzerland, France and Germany, with additional international activities through its Swiss Life International business.