Intesa Sanpaolo (OTCMKTS:ISNPY) Hits New 1-Year High – Still a Buy?

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $44.60 and last traded at $44.60, with a volume of 207719 shares traded. The stock had previously closed at $43.84.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ISNPY. Kepler Capital Markets raised shares of Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 1st. Morgan Stanley reiterated an “overweight” rating on shares of Intesa Sanpaolo in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Intesa Sanpaolo Price Performance

The stock’s fifty day moving average price is $41.44 and its 200-day moving average price is $40.38. The firm has a market cap of $131.44 billion, a price-to-earnings ratio of 11.99 and a beta of 0.79.

Intesa Sanpaolo Company Profile

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.