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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UNCRY shares. Zacks Research raised UniCredit from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Morgan Stanley reiterated an “overweight” rating on shares of UniCredit in a research note on Monday, July 27th. Finally, Barclays reiterated an “overweight” rating on shares of UniCredit in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

UniCredit Stock Up 1.8%

The company has a fifty day simple moving average of $46.98 and a 200-day simple moving average of $42.70.

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.