Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Intesa Sanpaolo SpA (OTCMKTS:ISNPY) have received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

Several brokerages recently weighed in on ISNPY. The Goldman Sachs Group downgraded Intesa Sanpaolo from a “buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Zacks Research cut Intesa Sanpaolo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Intesa Sanpaolo in a research report on Monday, November 24th. Royal Bank Of Canada assumed coverage on shares of Intesa Sanpaolo in a research note on Wednesday, October 15th. They set a “moderate buy” rating for the company. Finally, Keefe, Bruyette & Woods lowered shares of Intesa Sanpaolo from a “moderate buy” rating to a “hold” rating in a research report on Friday, November 14th.

Intesa Sanpaolo Price Performance

Shares of ISNPY opened at $41.61 on Monday. The company has a market capitalization of $120.76 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.17 and a beta of 0.75. Intesa Sanpaolo has a one year low of $23.45 and a one year high of $42.15. The company’s fifty day moving average price is $39.93 and its 200 day moving average price is $37.98.

Intesa Sanpaolo Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, December 8th. Investors of record on Tuesday, December 2nd were paid a dividend of $0.9325 per share. This represents a yield of 445.0%. The ex-dividend date was Monday, December 1st. Intesa Sanpaolo’s payout ratio is currently 55.65%.

About Intesa Sanpaolo

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.