Intesa Sanpaolo (OTCMKTS:ISNPY) Hits New 12-Month High – Time to Buy?

Intesa Sanpaolo SpA (OTCMKTS:ISNPY)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $47.66 and last traded at $47.65, with a volume of 4752 shares changing hands. The stock had previously closed at $47.29.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of Intesa Sanpaolo in a research note on Thursday, April 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Intesa Sanpaolo in a report on Thursday, July 30th. One equities 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Trading Up 0.4%

The company has a 50-day moving average of $43.17 and a 200-day moving average of $40.84. The firm has a market capitalization of $140.66 billion, a price-to-earnings ratio of 12.83 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.