AVIVA PLC/ADR (OTCMKTS:AVVIY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of AVIVA PLC/ADR (OTCMKTS:AVVIY) from a sell rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

According to Zacks, “Aviva has established a competitive position in North America. In the US, the world’s largest savings market, Aviva is the leading provider of indexed annuity and indexed life insurance products. Its principal activity is the provision of financial products and services, focused on the following lines of business: long-term insurance and savings business, fund management and general insurance and health. The company’s business is managed on a geographic basis through a regional management structure based on four regions, U.K., Europe, North America and Asia Pacific. The four regions function as five operating segments as, due to the size of the U.K. region, it is split into two operating segments, U.K. Life and U.K. General Insurance, which undertake long term insurance and savings business and general insurance respectively. “

Several other research analysts have also issued reports on the company. Investec upgraded AVIVA PLC/ADR from an add rating to a buy rating in a research note on Thursday, October 17th. ValuEngine lowered AVIVA PLC/ADR from a hold rating to a sell rating in a research note on Saturday, October 19th.

AVIVA PLC/ADR stock traded up $0.04 during mid-day trading on Tuesday, hitting $11.24. 23,402 shares of the company were exchanged, compared to its average volume of 191,379. The business has a fifty day moving average of $10.46 and a 200 day moving average of $10.20. AVIVA PLC/ADR has a 1-year low of $8.45 and a 1-year high of $11.66. The company has a market capitalization of $22.69 billion, a PE ratio of 11.13 and a beta of 1.20.

About AVIVA PLC/ADR

Aviva plc provides various insurance and savings products primarily in the United Kingdom, rest of Europe, North America, and South-East Asia. The company offers life insurance, long term health and accident insurance, savings, pension, and annuity products; and lifetime mortgage products. It also provides insurance cover to individuals, and small and medium-sized businesses for risks associated primarily with motor vehicles and medical expenses, as well as property and liability, such as employers' and professional indemnity liabilities.

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