Swiss Life (OTCMKTS:SZLMY) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Swiss Life Holding AG (OTCMKTS:SZLMY) crossed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $55.80 and traded as low as $55.33. Swiss Life shares last traded at $55.7725, with a volume of 14,434 shares changing hands.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Zacks Research raised Swiss Life to a “hold” rating in a research report on Thursday, June 25th. Barclays raised Swiss Life to a “strong-buy” rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Swiss Life Stock Down 0.1%

The company’s fifty day moving average is $55.77 and its 200 day moving average is $56.32.

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.