UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Given Consensus Rating of “Buy” by Brokerages

Shares of UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company.

UNCRY has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upgraded UniCredit from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 16th. Morgan Stanley raised UniCredit from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, February 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of UniCredit in a research report on Thursday, February 12th.

UniCredit Trading Up 6.2%

Shares of OTCMKTS UNCRY opened at $36.06 on Wednesday. The stock has a fifty day moving average price of $40.70 and a 200 day moving average price of $39.31. UniCredit has a 12-month low of $22.61 and a 12-month high of $47.14.

About UniCredit

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.