Aviva (OTCMKTS:AVVIY) Lowered to "Hold" Rating by Jefferies Financial Group

Key Points

• Jefferies downgraded Aviva from a "strong-buy" to a "hold", joining other recent cuts; analysts now record one Buy and four Hold ratings, giving Aviva an average consensus rating of Hold.
• Shares slipped about 1.5%, opening at $16.79 and trading below both the 50-day ($17.08) and 200-day ($17.64) moving averages; the stock's 52-week range is $14.94–$19.40 and the company reports a debt-to-equity of 0.50 with current and quick ratios of 1.50.

Aviva (OTCMKTS:AVVIY - Get Free Report) was downgraded by investment analysts at Jefferies Financial Group from a "strong-buy" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Zacks Research raised Aviva from a "strong sell" rating to a "hold" rating in a report on Monday, January 26th. Wall Street Zen cut Aviva from a "buy" rating to a "hold" rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Aviva currently has an average rating of "Hold".

Aviva Trading Down 1.5%

Shares of OTCMKTS AVVIY opened at $16.79 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.50 and a quick ratio of 1.50. The firm's 50-day moving average price is $17.08 and its two-hundred day moving average price is $17.64. Aviva has a 52-week low of $14.94 and a 52-week high of $19.40.

Aviva Company Profile

Aviva plc OTCMKTS: AVVIY is a UK-based multinational insurance company headquartered in London that provides a broad range of life and general insurance products, retirement solutions and investment management services. The company operates a diversified insurance business that includes individual and group life protection, health and income protection, home and motor insurance, workplace benefits, pensions and savings products. Aviva also offers asset management services through its investment arm, which manages assets on behalf of its insurance businesses and third-party clients.

Aviva traces its identity to a series of mergers and the consolidation of longstanding insurers, and it uses the Aviva brand across its operating markets.

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