UniCredit (OTCMKTS:UNCRY) Sets New 1-Year High – Here’s What Happened

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $50.15 and last traded at $50.13, with a volume of 7526 shares trading hands. The stock had previously closed at $48.93.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UNCRY. Morgan Stanley reissued an “overweight” rating on shares of UniCredit in a research note on Monday, July 27th. Barclays reaffirmed an “overweight” rating on shares of UniCredit in a research report on Friday, July 24th. Finally, Zacks Research upgraded UniCredit from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, UniCredit presently has a consensus rating of “Buy”.

UniCredit Trading Up 1.8%

The business has a fifty day moving average of $46.98 and a 200 day moving average of $42.70.

UniCredit Company Profile

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.