UniCredit (OTCMKTS:UNCRY) Sets New 12-Month High – Time to Buy?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $42.10 and last traded at $42.08, with a volume of 18700 shares changing hands. The stock had previously closed at $41.71.

Wall Street Analysts Forecast Growth

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

UniCredit Price Performance

The stock has a fifty day moving average price of $39.56 and a two-hundred day moving average price of $37.97.

About UniCredit

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.