UniCredit (OTCMKTS:UNCRY) Hits New 1-Year High – Time to Buy?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRYGet Free Report)’s share price reached a new 52-week high on Thursday . The stock traded as high as $49.47 and last traded at $49.43, with a volume of 5581 shares. The stock had previously closed at $48.70.

Analyst Ratings Changes

A number of analysts recently commented on UNCRY shares. Barclays reiterated an “overweight” rating on shares of UniCredit in a research report on Friday, July 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of UniCredit in a research note on Monday, July 27th. Finally, Zacks Research upgraded UniCredit from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, UniCredit presently has a consensus rating of “Buy”.

Read Our Latest Stock Report on UNCRY

UniCredit Trading Up 0.7%

The stock has a fifty day moving average price of $45.81 and a 200-day moving average price of $42.38.

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.

Further Reading

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