Intesa Sanpaolo (OTCMKTS:ISNPY) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Intesa Sanpaolo (OTCMKTS:ISNPY – Free Report) from a hold rating to a strong sell rating in a report published on Monday morning,Zacks reports.

Other equities analysts have also issued reports about the company. Citigroup assumed coverage on Intesa Sanpaolo in a report on Friday, November 6th. They set a “strong-buy” rating for the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Intesa Sanpaolo in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Report on ISNPY

Intesa Sanpaolo Price Performance

ISNPY opened at $43.20 on Monday. The firm has a market cap of $127.31 billion, a price-to-earnings ratio of 11.11 and a beta of 0.85. Intesa Sanpaolo has a fifty-two week low of $34.06 and a fifty-two week high of $48.42. The company’s 50-day moving average price is $43.44 and its 200 day moving average price is $41.91.

Intesa Sanpaolo Company Profile

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Intesa Sanpaolo is an Italian banking group serving individuals, businesses and institutional clients. Its services include retail and commercial banking, lending, payments, investment banking, wealth management, asset management and insurance. The group was formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. It is headquartered in Italy and has an international presence, including operations in Central and Eastern Europe and other markets. Intesa Sanpaolo’s activities span everyday banking and financing as well as investment and advisory services, delivered through its banking network and specialist businesses.

Further Reading

Analyst Recommendations for Intesa Sanpaolo (OTCMKTS:ISNPY)

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