Banca Mediolanum (OTCMKTS:BNCDY) Hits New 52-Week High – Still a Buy?

Banca Mediolanum S.p.A. (OTCMKTS:BNCDYGet Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $49.60 and last traded at $49.60, with a volume of 239 shares. The stock had previously closed at $48.50.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BNCDY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Banca Mediolanum in a research report on Wednesday, February 18th. Zacks Research upgraded Banca Mediolanum to a “hold” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on BNCDY

Banca Mediolanum Stock Up 2.6%

The firm has a fifty day moving average price of $44.54 and a two-hundred day moving average price of $43.69.

About Banca Mediolanum

(Get Free Report)

Banca Mediolanum is an Italian banking and financial services group that operates through a network of financial advisors and direct banking channels. The company provides a broad spectrum of retail banking products, including deposit accounts, mortgages, personal loans and consumer credit. In addition to its core banking activities, Banca Mediolanum offers asset management solutions and life and pension insurance products through its subsidiaries.

The institution traces its origins to 1982, when entrepreneur Ennio Doris founded Mediolanum S.p.A.

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