UniCredit (OTCMKTS:UNCRY) Hits New 12-Month High – What’s Next?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $45.01 and last traded at $45.01, with a volume of 1502 shares trading hands. The stock had previously closed at $43.31.

Analyst Ratings Changes

A number of brokerages have recently commented on UNCRY. Keefe, Bruyette & Woods raised shares of UniCredit from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 16th. Citigroup reiterated a “buy” rating on shares of UniCredit in a research report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

UniCredit Price Performance

The business has a 50-day moving average price of $40.80 and a 200-day moving average price of $38.73.

UniCredit Company Profile

UniCredit S.p.A. is an international banking group headquartered in Milan, Italy, offering a broad range of banking and financial services to retail, corporate and institutional clients. The firm operates as a universal bank, combining traditional deposit-taking and lending with capital markets activities, transaction banking and advisory services. UniCredit provides consumer and commercial loans, mortgage financing, deposit accounts, payment and card services, and wealth management solutions for private clients.

On the corporate and institutional side, UniCredit offers relationship banking, corporate lending, trade and export finance, cash management, custody and securities services, and investment banking capabilities including debt and equity capital markets and structured finance.