UniCredit (OTCMKTS:UNCRY) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of UniCredit (OTCMKTS:UNCRY) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday,Zacks.com reports.

UNCRY has been the topic of several other research reports. Morgan Stanley raised UniCredit from an “equal weight” rating to an “overweight” rating in a report on Tuesday, February 10th. Erste Group Bank cut UniCredit from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Citigroup reaffirmed a “buy” rating on shares of UniCredit in a report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, UniCredit currently has an average rating of “Moderate Buy”.

UniCredit Stock Down 0.1%

OTCMKTS UNCRY opened at $38.52 on Tuesday. UniCredit has a 1 year low of $28.07 and a 1 year high of $47.14. The business’s fifty day moving average is $39.23 and its two-hundred day moving average is $39.42.

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.