Swiss Life (OTCMKTS:SZLMY) Sees Strong Trading Volume – Still a Buy?

Shares of Swiss Life Holding AG (OTCMKTS:SZLMY) saw strong trading volume on Friday. 34,269 shares were traded during trading, an increase of 173% from the average daily volume of 12,573 shares. The stock last traded at $59.07 and had previously closed at $58.22.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of Swiss Life to a “strong-buy” rating in a research note on Wednesday, September 2nd. One investment 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, the stock currently has an average rating of “Moderate Buy”.

Swiss Life Trading Up 1.5%

The company has a 50 day moving average of $55.73 and a two-hundred day moving average of $55.89.

Swiss Life Company Profile

Swiss Life is a Switzerland-based insurance and financial services group headquartered in Zurich. Founded in 1857, the company provides insurance, retirement planning and financial advice to individuals, companies and institutional clients.

Its core activities include life insurance, occupational and private pension solutions, disability and income protection, and property and casualty insurance, particularly in Switzerland. Swiss Life also offers financial planning and advisory services through its distribution network, as well as asset management and investment solutions for institutional and private clients.

Swiss Life primarily serves customers in Switzerland, France and Germany, while also providing international insurance and employee-benefits solutions in selected markets.