UniCredit (OTCMKTS:UNCRY) Trading Up 1.8% – Time to Buy?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY)’s share price was up 1.8% during trading on Monday . The stock traded as high as $37.02 and last traded at $36.90. Approximately 343,629 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 363,331 shares. The stock had previously closed at $36.24.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on UNCRY shares. Zacks Research lowered shares of UniCredit from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Citigroup upgraded shares of UniCredit to a “strong-buy” rating in a research note on Wednesday, August 27th. The Goldman Sachs Group upgraded shares of UniCredit to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, DZ Bank upgraded shares of UniCredit to a “strong-buy” rating in a research report on Wednesday, September 3rd. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

UniCredit Trading Up 1.8%

The business’s 50-day moving average price is $38.34 and its 200-day moving average price is $34.26.

About UniCredit

UniCredit S.p.A. provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe. It offers retail, private, and wealth management solutions; and institutional investor solutions. The company also provides corporate finance advisory, rating advisory, financial sponsor, patient capital, capital structure advisory, and finance solutions, as well as securities services.