UniCredit (OTCMKTS:UNCRY) Reaches New 52-Week High – Still a Buy?

Shares of UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $41.95 and last traded at $41.36, with a volume of 12620 shares. The stock had previously closed at $41.17.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UNCRY. Keefe, Bruyette & Woods raised UniCredit from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 16th. DZ Bank upgraded shares of UniCredit to a “strong-buy” rating in a research report on Wednesday, September 3rd. Citigroup upgraded shares of UniCredit to a “strong-buy” rating in a research report on Wednesday, August 27th. The Goldman Sachs Group upgraded shares of UniCredit to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, Zacks Research cut UniCredit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, UniCredit currently has a consensus rating of “Buy”.

UniCredit Price Performance

The firm has a fifty day moving average of $37.74 and a 200 day moving average of $36.93.

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.