UniCredit (OTCMKTS:UNCRY) Hits New 1-Year High – What’s Next?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $41.95 and last traded at $41.36, with a volume of 12620 shares. The stock had previously closed at $41.17.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of UniCredit from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 16th. The Goldman Sachs Group upgraded UniCredit to a “strong-buy” rating in a research report on Thursday, September 25th. DZ Bank raised UniCredit to a “strong-buy” rating in a report on Wednesday, September 3rd. Finally, Zacks Research downgraded UniCredit from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 29th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, UniCredit currently has a consensus rating of “Buy”.

UniCredit Price Performance

The firm has a 50-day moving average of $37.95 and a 200 day moving average of $36.99.

UniCredit Company Profile

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.