UniCredit (OTCMKTS:UNCRY) Sets New 1-Year High – Time to Buy?

Shares of UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $42.2725 and last traded at $42.25, with a volume of 95258 shares changing hands. The stock had previously closed at $41.53.

Wall Street Analyst Weigh In

Several analysts have issued reports on UNCRY shares. The Goldman Sachs Group upgraded UniCredit to a “strong-buy” rating in a report on Thursday, September 25th. Keefe, Bruyette & Woods raised shares of UniCredit from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of UniCredit in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

UniCredit Price Performance

The stock’s 50-day simple moving average is $39.73 and its 200 day simple moving average is $38.18.

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.