Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Given Average Rating of “Moderate Buy” by Brokerages

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) has received an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company.

Several equities research analysts have commented on ISNPY shares. Citigroup reaffirmed a “buy” rating on shares of Intesa Sanpaolo in a research note on Monday, January 5th. Zacks Research lowered shares of Intesa Sanpaolo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Intesa Sanpaolo in a research note on Monday, November 24th. Royal Bank Of Canada began coverage on Intesa Sanpaolo in a report on Wednesday, October 15th. They set a “moderate buy” rating on the stock. Finally, Keefe, Bruyette & Woods cut Intesa Sanpaolo from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 14th.

Intesa Sanpaolo Trading Down 0.6%

Shares of Intesa Sanpaolo stock opened at $40.96 on Friday. The stock has a market capitalization of $118.88 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 1.04 and a beta of 0.75. The firm’s 50-day moving average price is $40.68 and its two-hundred day moving average price is $38.90. Intesa Sanpaolo has a 1-year low of $25.13 and a 1-year high of $42.82.

Intesa Sanpaolo Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, December 8th. Investors of record on Tuesday, December 2nd were given a $0.9325 dividend. The ex-dividend date was Monday, December 1st. This represents a dividend yield of 445.0%. Intesa Sanpaolo’s payout ratio is currently 55.65%.

About Intesa Sanpaolo

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.