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

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) shares reached a new 52-week high on Wednesday . The stock traded as high as $44.25 and last traded at $44.25, with a volume of 2772 shares traded. The stock had previously closed at $43.56.

Analyst Ratings Changes

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

Intesa Sanpaolo Stock Performance

The company has a market capitalization of $130.20 billion, a PE ratio of 11.88 and a beta of 0.79. The company’s fifty day moving average is $41.16 and its 200-day moving average is $40.33.

About Intesa Sanpaolo

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.