UniCredit (OTCMKTS:UNCRY) Sets New 1-Year High – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

UniCredit Stock Performance

The firm’s 50-day moving average price is $42.74 and its 200 day moving average price is $41.34.

UniCredit Company Profile

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.