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 report issued on Friday, 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. “

Other equities research analysts also recently issued research reports about the stock. Goldman Sachs Group reiterated a “buy” rating on shares of UniCredit in a research note on Thursday, April 30th. JPMorgan Chase & Co. lowered shares of UniCredit from an “overweight” rating to a “neutral” rating in a research report on Tuesday, May 26th. ValuEngine cut shares of UniCredit from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Credit Suisse Group restated a “buy” rating on shares of UniCredit in a research note on Thursday, May 7th. Finally, Berenberg Bank reiterated a “buy” rating on shares of UniCredit in a research note on Thursday, May 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $15.00.

Shares of OTCMKTS:UNCFF opened at $9.72 on Friday. UniCredit has a 1-year low of $6.65 and a 1-year high of $15.05. The business’s 50 day moving average is $9.00 and its 200-day moving average is $10.57.

A hedge fund recently bought a new stake in UniCredit stock. Quadrant Capital Group LLC purchased a new stake in shares of UniCredit SpA (OTCMKTS:UNCFF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,987 shares of the financial services provider’s stock, valued at approximately $130,000.

UniCredit Company Profile

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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Analyst Recommendations for UniCredit (OTCMKTS:UNCFF)

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