Zacks Investment Research Upgrades UniCredit (OTCMKTS:UNCFF) to Hold

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UniCredit (OTCMKTS:UNCFF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “UniCredit SpA is a commercial bank. It offers banking, asset management, pension fund, brokerage, leasing, factoring, transactional advisory, money markets and currency exchange, investment project financing, mergers and acquisitions, and debt securities issue services. The company operates primarily in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Hungary, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine. UniCredit SpA is headquartered in Milan, Italy. “

UNCFF has been the subject of a number of other reports. Credit Suisse Group upgraded UniCredit from a “neutral” rating to an “outperform” rating in a report on Monday, November 25th. Berenberg Bank reissued a “buy” rating on shares of UniCredit in a research note on Tuesday, November 12th. Finally, ValuEngine upgraded UniCredit from a “strong sell” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. UniCredit presently has a consensus rating of “Hold”.

UNCFF stock opened at $14.00 on Thursday. The company’s fifty day simple moving average is $13.37 and its 200 day simple moving average is $12.10. UniCredit has a 12-month low of $10.01 and a 12-month high of $14.73.

About UniCredit

UniCredit S.p.A. operates as a commercial bank. The company operates through Commercial Banking Italy, Commercial Banking Germany, Commercial Banking Austria, Corporate & Investment Banking, Central and Eastern Europe, Fineco, Group Corporate Centre, and Non-Core segments. It offers retail, corporate, and private banking services; credit, trading, and investment services; leasing and factoring services; transactional, investment, and credit products and services; insurance solutions; and structured financing, and hedging and treasury solutions.

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