UniCredit (OTCMKTS:UNCRY) Reaches New 1-Year High – Still a Buy?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRYGet Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $47.15 and last traded at $47.14, with a volume of 663344 shares. The stock had previously closed at $46.88.

Wall Street Analyst Weigh In

UNCRY has been the topic of several research reports. Erste Group Bank lowered UniCredit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Morgan Stanley restated an “overweight” rating on shares of UniCredit in a report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of UniCredit from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy”.

Get Our Latest Stock Analysis on UniCredit

UniCredit Stock Performance

The company has a 50-day moving average of $42.36 and a 200-day moving average of $41.26.

UniCredit Company Profile

(Get Free Report)

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.

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