UniCredit (OTCMKTS:UNCRY) Reaches New 1-Year High – Here’s What Happened

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY)’s share price reached a new 52-week high on Thursday . The company traded as high as $49.47 and last traded at $49.43, with a volume of 5581 shares trading hands. The stock had previously closed at $48.70.

Analysts Set New Price Targets

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

UniCredit Stock Performance

The stock’s 50-day moving average price is $46.09 and its 200-day moving average price is $42.48.

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.