Asa SA (OTCMKTS:AXAHY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

According to Zacks, “The AXA Group is an international group of insurance and related financial services companies. AXA’s insurance operations are diverse geographically, with activities in 50 countries, principally Western Europe, North America and the Asia/Pacific area. In the United States, AXA is represented through its 60% holding in The Equitable companies and its subsidiaries, Equitable Life, Alliance Capital management and Donaldson, Lufkin & Jenrette. “

Separately, ValuEngine raised shares of Asa SA from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 27th.

Asa SA (OTCMKTS:AXAHY) traded down $0.08 during trading on Monday, hitting $29.36. 133,662 shares of the stock traded hands, compared to its average volume of 106,590. Asa SA has a 1-year low of $22.85 and a 1-year high of $30.82.

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About Asa SA

AXA SA (AXA) is a France-based holding company engaged in the business of financial protection. The Company’s segments include Life & Savings, Property & Casualty, Asset Management , Banking and Holding companies. The Life & Savings segment’s products include a range of investment and savings products, as well as Protection and Health products.

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