Intesa Sanpaolo (OTCMKTS:ISNPY) Downgraded by Zacks Research to Strong Sell

Intesa Sanpaolo (OTCMKTS:ISNPY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

A number of other brokerages have also issued reports on ISNPY. Citigroup began coverage on Intesa Sanpaolo in a research note on Friday, November 6th. They issued a “strong-buy” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Intesa Sanpaolo in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Intesa Sanpaolo currently has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Price Performance

Shares of OTCMKTS ISNPY opened at $43.20 on Monday. Intesa Sanpaolo has a 12 month low of $34.06 and a 12 month high of $48.42. The firm’s 50 day simple moving average is $43.44 and its 200-day simple moving average is $41.91. The stock has a market capitalization of $127.31 billion, a price-to-earnings ratio of 11.11 and a beta of 0.85.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo is an Italian banking group serving individuals, businesses and institutional clients. Its services include retail and commercial banking, lending, payments, investment banking, wealth management, asset management and insurance. The group was formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. It is headquartered in Italy and has an international presence, including operations in Central and Eastern Europe and other markets. Intesa Sanpaolo’s activities span everyday banking and financing as well as investment and advisory services, delivered through its banking network and specialist businesses.