UniCredit (OTCMKTS:UNCRY) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of UniCredit (OTCMKTS:UNCRY) from a hold rating to a strong sell rating in a report published on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Erste Group Bank lowered shares of UniCredit from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. Morgan Stanley upgraded shares of UniCredit from an “equal weight” rating to an “overweight” rating in a report on Tuesday, February 10th. Finally, Citigroup restated a “buy” rating on shares of UniCredit in a report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

UniCredit Stock Performance

UNCRY stock opened at $37.13 on Tuesday. UniCredit has a 52-week low of $28.07 and a 52-week high of $47.14. The company’s 50 day simple moving average is $39.10 and its 200-day simple moving average is $39.41.

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.