Intesa Sanpaolo (OTCMKTS:ISNPY) Sets New 1-Year High – Time to Buy?

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $43.63 and last traded at $43.5950, with a volume of 22778 shares changing hands. The stock had previously closed at $43.38.

Wall Street Analyst Weigh In

ISNPY has been the subject of several research analyst reports. Kepler Capital Markets upgraded shares of Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 1st. Morgan Stanley reiterated an “overweight” rating on shares of Intesa Sanpaolo in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Intesa Sanpaolo Trading Down 0.1%

The business has a fifty day simple moving average of $41.03 and a two-hundred day simple moving average of $40.30. The company has a market cap of $129.08 billion, a PE ratio of 11.77 and a beta of 0.79.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.