UniCredit (OTCMKTS:UNCRY) Reaches New 12-Month High – Here’s What Happened

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

Analysts Set New Price Targets

Several equities analysts recently commented on UNCRY shares. Zacks Research raised shares of UniCredit from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Morgan Stanley reiterated an “overweight” rating on shares of UniCredit in a research note on Monday, July 27th. Finally, Barclays reissued an “overweight” rating on shares of UniCredit in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, UniCredit has an average rating of “Buy”.

UniCredit Trading Up 2.4%

The stock has a 50-day moving average price of $44.84 and a 200-day moving average price of $41.99.

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.