UniCredit (OTCMKTS:UNCRY) Shares Gap Down – What’s Next?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRYGet Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $41.56, but opened at $40.16. UniCredit shares last traded at $41.40, with a volume of 2,898 shares traded.

Analyst Upgrades and Downgrades

UNCRY has been the subject of several research reports. Zacks Research cut shares of UniCredit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. Keefe, Bruyette & Woods raised shares of UniCredit from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 16th. DZ Bank raised UniCredit to a “strong-buy” rating in a research note on Wednesday, September 3rd. Finally, The Goldman Sachs Group upgraded shares of UniCredit to a “strong-buy” rating in a report on Thursday, September 25th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Read Our Latest Research Report on UNCRY

UniCredit Trading Down 0.2%

The business has a 50-day moving average of $37.95 and a 200-day moving average of $36.99.

UniCredit Company Profile

(Get Free Report)

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.

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