UniCredit (OTCMKTS:UNCRY) Reaches New 52-Week High – What’s Next?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.25 and last traded at $41.1350, with a volume of 9090 shares. The stock had previously closed at $39.69.

Analysts Set New Price Targets

UNCRY has been the topic of several research reports. The Goldman Sachs Group raised shares of UniCredit to a “strong-buy” rating in a research note on Thursday, September 25th. Citigroup upgraded UniCredit to a “strong-buy” rating in a research note on Wednesday, August 27th. DZ Bank raised UniCredit to a “strong-buy” rating in a research note on Wednesday, September 3rd. Finally, Zacks Research downgraded UniCredit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. Three analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

UniCredit Stock Up 1.6%

The company has a 50 day moving average price of $37.20 and a two-hundred day moving average price of $36.57.

About UniCredit

UniCredit S.p.A. provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe. It offers retail, private, and wealth management solutions; and institutional investor solutions. The company also provides corporate finance advisory, rating advisory, financial sponsor, patient capital, capital structure advisory, and finance solutions, as well as securities services.