UniCredit (OTCMKTS:UNCRY) Rating Increased to Hold at Zacks Research

UniCredit (OTCMKTS:UNCRY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also issued reports on UNCRY. Morgan Stanley reissued an “overweight” rating on shares of UniCredit in a research note on Wednesday, May 6th. Erste Group Bank cut UniCredit from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Citigroup reiterated a “buy” rating on shares of UniCredit in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

UniCredit Trading Down 1.2%

UNCRY opened at $41.65 on Wednesday. The firm has a fifty day moving average price of $38.66 and a 200 day moving average price of $39.96. UniCredit has a 1 year low of $31.32 and a 1 year high of $47.14.

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.