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

Intesa Sanpaolo SpA (OTCMKTS:ISNPY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $40.53 and last traded at $40.5050, with a volume of 4974 shares. The stock had previously closed at $40.24.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ISNPY shares. Morgan Stanley restated an “overweight” rating on shares of Intesa Sanpaolo in a research report on Tuesday, September 2nd. Royal Bank Of Canada began coverage on shares of Intesa Sanpaolo in a research note on Wednesday, October 15th. They issued a “moderate buy” rating for the company. Zacks Research cut shares of Intesa Sanpaolo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group downgraded shares of Intesa Sanpaolo from a “buy” rating to a “hold” rating in a report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Intesa Sanpaolo Stock Up 1.0%

The company has a market cap of $121.02 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.14 and a beta of 0.99. The stock has a 50 day simple moving average of $38.72 and a 200 day simple moving average of $36.24.

About Intesa Sanpaolo

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments: Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; private and commercial banking, corporate and transaction banking, structured finance, investment banking, public finance, and capital markets; industrial credit, leasing, and factoring; asset management; life and non-life insurance and pension products; asset and wealth management; private investments; and bancassurance products.