UniCredit (OTCMKTS:UNCRY) Sets New 12-Month High – Here’s Why

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

Wall Street Analysts Forecast Growth

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

UniCredit Stock Performance

The company’s 50-day moving average price is $37.36 and its 200-day moving average price is $36.66.

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.