UniCredit (OTCMKTS:UNCRY) Hits New 1-Year High – Should You Buy?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY)’s share price hit a new 52-week high on Monday . The stock traded as high as $48.2550 and last traded at $48.24, with a volume of 7592 shares. The stock had previously closed at $47.13.

Analysts Set New Price Targets

A number of analysts have issued reports on UNCRY shares. Zacks Research raised shares of UniCredit from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Barclays reiterated an “overweight” rating on shares of UniCredit in a research report on Friday, July 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of UniCredit in a research note on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

UniCredit Stock Performance

The company has a 50 day simple moving average of $45.10 and a 200 day simple moving average of $42.09.

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.