UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 49,946 shares, a decline of 39.1% from the September 30th total of 81,983 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 555,441 shares, the short-interest ratio is presently 0.1 days.
Analysts Set New Price Targets
UNCRY has been the subject of several recent research reports. Citigroup reissued a “buy” rating on shares of UniCredit in a report on Monday, September 28th. Barclays reaffirmed an “overweight” rating on shares of UniCredit in a research note on Friday, July 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of UniCredit in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada began coverage on UniCredit in a research report on Tuesday, September 15th. They set a “hold” rating on the stock. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.
Read Our Latest Research Report on UNCRY
UniCredit Price Performance
Shares of OTCMKTS UNCRY opened at $41.31 on Tuesday. The firm has a fifty day moving average price of $45.55 and a 200-day moving average price of $43.37. UniCredit has a 1 year low of $33.63 and a 1 year high of $50.28.
UniCredit Company Profile
UniCredit S.p.A. is a European commercial and investment banking group headquartered in Milan, Italy. The company provides banking and financial services to individuals, businesses and institutions, including current accounts, consumer and residential lending, payment services, deposits, investment products, wealth management and corporate finance.
UniCredit serves customers primarily across Italy, Germany and Austria, as well as selected markets in Central and Eastern Europe. Its corporate and investment banking operations offer lending, transaction banking, capital-markets services, advisory and risk-management solutions, while its wealth-management business provides investment and private-banking services.
The modern UniCredit group was established in 1998 through the combination of several Italian banks and expanded through subsequent mergers and acquisitions, including the integration of Germany’s HypoVereinsbank and Austria’s Bank Austria.
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