Banco BPM (OTCMKTS:BNCZF) Shares Down 0.3% – Time to Sell?

Banco BPM S.p.A. (OTCMKTS:BNCZF) fell 0.3% during trading on Wednesday . The company traded as low as $14.65 and last traded at $14.65. 400 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 2,300 shares. The stock had previously closed at $14.70.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BNCZF. Morgan Stanley downgraded shares of Banco BPM from an “equal weight” rating to an “underweight” rating in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Banco BPM in a research report on Monday, October 6th. Finally, Santander began coverage on Banco BPM in a research note on Monday, September 29th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Banco BPM Price Performance

The stock has a fifty day simple moving average of $15.03 and a two-hundred day simple moving average of $13.69.

About Banco BPM

Banco BPM S.p.A. (OTCMKTS:BNCZF) is a leading Italian banking group formed on January 1, 2017, through the merger of Banco Popolare and Banca Popolare di Milano. Headquartered in Milan and Verona, the group ranks among Italy’s largest lenders and focuses on serving retail, corporate and institutional clients with a full suite of banking and financial services.

The bank’s core businesses include retail banking—offering current accounts, savings products, mortgages, consumer loans and payment services—alongside corporate and SME financing, cash management, trade finance and structured lending.