UniCredit (OTCMKTS:UNCRY) Shares Gap Up – Still a Buy?

Shares of UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) gapped up before the market opened on Thursday . The stock had previously closed at $39.12, but opened at $40.20. UniCredit shares last traded at $40.1599, with a volume of 72,260 shares traded.

Wall Street Analyst Weigh In

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

UniCredit Stock Up 2.9%

The stock has a fifty day simple moving average of $37.02 and a 200-day simple moving average of $36.36.

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.