UniCredit (OTCMKTS:UNCRY) Sets New 52-Week High – Here’s Why

by · The Markets Daily

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY – Get Free Report)’s stock price reached a new 52-week high on Monday . The company traded as high as $47.15 and last traded at $47.14, with a volume of 663344 shares. The stock had previously closed at $46.88.

Analysts Set New Price Targets

Several analysts have recently issued reports on UNCRY shares. Erste Group Bank lowered shares of UniCredit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Zacks Research raised shares of UniCredit from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of UniCredit in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Get Our Latest Stock Report on UniCredit

UniCredit Stock Up 0.4%

The stock’s 50 day simple moving average is $42.36 and its two-hundred day simple moving average is $41.26.

UniCredit Company Profile

(Get Free Report)

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.

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