UniCredit (OTCMKTS:UNCRY) Shares Gap Up – Still a Buy?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $43.15, but opened at $45.08. UniCredit shares last traded at $44.89, with a volume of 17,805 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently commented on UNCRY shares. Erste Group Bank cut shares of UniCredit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Zacks Research raised shares of UniCredit from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of UniCredit in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, UniCredit presently has an average rating of “Buy”.

UniCredit Stock Up 1.0%

The stock’s 50 day simple moving average is $41.13 and its 200 day simple moving average is $40.70.

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.