UniCredit (OTCMKTS:UNCRY) Hits New 1-Year High – Still a Buy?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $42.10 and last traded at $42.08, with a volume of 18700 shares trading hands. The stock had previously closed at $41.71.

Analyst Upgrades and Downgrades

UNCRY has been the topic of a number of research analyst reports. The Goldman Sachs Group raised shares of UniCredit to a “strong-buy” rating in a research report on Thursday, September 25th. Citigroup reaffirmed a “buy” rating on shares of UniCredit in a research note on Monday, January 5th. Finally, Keefe, Bruyette & Woods raised shares of UniCredit from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

UniCredit Price Performance

The business has a 50-day moving average price of $39.34 and a 200 day moving average price of $37.89.

UniCredit Company Profile

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.