Intesa Sanpaolo (OTCMKTS:ISNPY) Reaches New 52-Week High – Still a Buy?

Intesa Sanpaolo SpA (OTCMKTS:ISNPY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $46.0050 and last traded at $45.9720, with a volume of 2338 shares. The stock had previously closed at $45.11.

Analyst Ratings Changes

A number of equities analysts have commented on ISNPY shares. Morgan Stanley restated an “overweight” rating on shares of Intesa Sanpaolo in a research note on Thursday, April 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Intesa Sanpaolo in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Intesa Sanpaolo has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Stock Up 1.3%

The firm has a 50 day moving average of $42.16 and a two-hundred day moving average of $40.54. The firm has a market capitalization of $138.67 billion, a price-to-earnings ratio of 12.65 and a beta of 0.79.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.