UniCredit (UNCRY) Projected to Post Earnings on Monday

UniCredit (OTCMKTS:UNCRY) is projected to issue its resultson Monday, May 11th. Analysts expect the company to announce earnings of $1.06 per share and revenue of $7.6168 billion for the quarter.

UniCredit Trading Down 2.5%

Shares of UNCRY traded down $0.98 during mid-day trading on Monday, reaching $37.86. 34,886 shares of the stock traded hands, compared to its average volume of 341,011. The stock has a fifty day simple moving average of $38.61 and a 200 day simple moving average of $39.50. UniCredit has a 12-month low of $29.12 and a 12-month high of $47.14.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on UNCRY shares. Morgan Stanley raised shares of UniCredit from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, February 10th. Erste Group Bank downgraded UniCredit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Citigroup reaffirmed a “buy” rating on shares of UniCredit in a research report on Thursday, February 12th. Finally, Zacks Research downgraded UniCredit from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.