Intesa Sanpaolo (OTCMKTS:ISNPY) Upgraded at Zacks Investment Research

Intesa Sanpaolo (OTCMKTS:ISNPYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “Intesa Sanpaolo is a new banking group resulting from the merger between Banca Intesa and Sanpaolo IMI. It has leadership in the Italian market and a strong international presence focussed on Central-Eastern Europe and the Mediterranean basin. Intesa Sanpaolo intends to become a benchmark for the creation of value in the European banking sector. The new Group brings together two major Italian banks with shared values and improves their opportunities for growth as well as enabling enhanced service for retail customers, significant support for development of business customers and an important contribution to growth in all the countries where it operates. “

A number of other research firms also recently weighed in on ISNPY. DZ Bank downgraded shares of Intesa Sanpaolo from a “buy” rating to a “hold” rating and set a €2.15 ($2.29) price target on the stock. in a research note on Tuesday, April 26th. Credit Suisse Group decreased their price target on shares of Intesa Sanpaolo from €2.30 ($2.45) to €2.00 ($2.13) and set a “neutral” rating on the stock in a research note on Monday, May 9th. JPMorgan Chase & Co. decreased their price target on shares of Intesa Sanpaolo from €3.20 ($3.40) to €2.70 ($2.87) and set an “overweight” rating on the stock in a research note on Monday, March 14th. Societe Generale upgraded shares of Intesa Sanpaolo from a “hold” rating to a “buy” rating in a research note on Tuesday, March 22nd. Finally, UBS Group boosted their target price on shares of Intesa Sanpaolo from €3.10 ($3.30) to €3.15 ($3.35) in a research note on Monday, February 7th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Intesa Sanpaolo currently has an average rating of “Buy” and an average price target of $4.73.

ISNPY stock traded up $0.16 on Thursday, reaching $13.28. 176,166 shares of the company were exchanged, compared to its average volume of 343,229. Intesa Sanpaolo has a 12 month low of $11.56 and a 12 month high of $20.22. The stock’s fifty day moving average price is $12.85 and its 200 day moving average price is $15.01.

About Intesa Sanpaolo (Get Rating)

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; corporate, investment banking, and public finance services; industrial credit, factoring, and leasing services; asset management solutions; life and non-life insurance products; and bancassurance and pension fund, and fiduciary services.

Featured Stories

Get a free copy of the Zacks research report on Intesa Sanpaolo (ISNPY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Intesa Sanpaolo (OTCMKTS:ISNPY)

Receive News & Ratings for Intesa Sanpaolo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intesa Sanpaolo and related companies with MarketBeat.com's FREE daily email newsletter.