Intesa Sanpaolo (OTCMKTS:ISNPY) Shares Cross Above 50-Day Moving Average – What’s Next?

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $38.43 and traded as high as $40.24. Intesa Sanpaolo shares last traded at $40.08, with a volume of 139,037 shares.

Analysts Set New Price Targets

A number of research analysts have recently commented on ISNPY shares. Morgan Stanley restated an “overweight” rating on shares of Intesa Sanpaolo in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Intesa Sanpaolo in a research report on Wednesday, February 4th. Kepler Capital Markets raised shares of Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, Citigroup reissued a “buy” rating on shares of Intesa Sanpaolo in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Intesa Sanpaolo currently has an average rating of “Moderate Buy”.

Intesa Sanpaolo Stock Performance

The firm has a market capitalization of $116.32 billion, a P/E ratio of 11.29, a PEG ratio of 1.11 and a beta of 0.80. The business’s fifty day moving average price is $38.43 and its two-hundred day moving average price is $39.94.

Intesa Sanpaolo (OTCMKTS:ISNPY) last released its quarterly earnings results on Friday, April 3rd. The financial services provider reported $0.70 earnings per share for the quarter. Intesa Sanpaolo had a net margin of 23.71% and a return on equity of 13.48%. The business had revenue of $8.23 billion for the quarter. Sell-side analysts predict that Intesa Sanpaolo SpA will post 4.01 earnings per share for the current year.

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.