UniCredit (OTCMKTS:UNCRY) Sets New 52-Week High – Should You Buy?

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 $44.6450 and last traded at $44.58, with a volume of 313389 shares changing hands. The stock had previously closed at $43.00.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised UniCredit from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 16th. Citigroup reiterated a “buy” rating on shares of UniCredit in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, UniCredit has an average rating of “Buy”.

UniCredit Stock Up 0.9%

The stock’s 50 day moving average is $40.49 and its 200 day moving average is $38.52.

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.