Are Swiss Re (OTC:SSREY) Shares a Sell Now? RBC Capital Markets Has Downgraded Stock





September 21, 2017 – By Nellie Frank







Swiss Re (OTC:SSREY) Receives a Downgrade

In analysts note shared with investors on Wednesday morning, RBC Capital Markets lowered shares of Swiss Re (OTC:SSREY) to a lower Sector Perform rating from the previous Outperform rating.

Swiss Re AG – ADR (OTCMKTS:SSREY) Ratings Coverage

Among 5 analysts covering Swiss Re (OTC:SSREY), 0 have Buy rating, 3 Sell and 2 Hold. Therefore 0 are positive. Swiss Re had 6 analyst reports since November 9, 2015 according to SRatingsIntel. RBC Capital Markets upgraded the shares of SSREY in report on Wednesday, December 7 to “Outperform” rating. The stock has “Underperform” rating by Jefferies on Thursday, December 8. The firm has “Sell” rating given on Thursday, August 18 by Citigroup. The rating was downgraded by Morgan Stanley to “Underweight” on Friday, May 13. The company was downgraded on Wednesday, September 20 by RBC Capital Markets. The firm earned “Neutral” rating on Monday, November 9 by Goldman Sachs.

The stock decreased 1.11% or $0.24 on September 20, reaching $21.86. About 35,444 shares traded. Swiss Re AG – ADR (OTC:SSREY) has 0.00% since September 21, 2016 and is . It has underperformed by 16.70% the S&P500.

Swiss Re AG is a wholesale provider of reinsurance, insurance and other insurance forms of risk transfer. The company has market cap of $30.90 billion. The Firm operates in four divisions: Property&Casualty Reinsurance, Life&Health Reinsurance, Corporate Solutions and Life Capital. It currently has negative earnings. The Company’s Reinsurance Unit provides premiums and fee income through Property&Casualty and Life&Health divisions.

More recent Swiss Re AG – ADR (OTCMKTS:SSREY) news were published by: Marketwatch.com which released: “European stocks close with best daily gain in 3 weeks after US jobs report” on August 04, 2017. Also Marketwatch.com published the news titled: “Muenchener Rueckversicherungs-Gesellschaft AG ADR” on April 17, 2011. Seekingalpha.com‘s news article titled: “Which International Dividend Growth ETF Is Right For You?” with publication date: April 20, 2016 was also an interesting one.

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