Zacks Investment Research upgraded shares of Intesa Sanpaolo SpA (OTCMKTS:ISNPY) from a sell rating to a hold rating in a report published on Wednesday.

According to Zacks, “Intesa Sanpaolo is a new banking group resulting from the merger between Banca Intesa and Sanpaolo IMI. It has leadership in the Italian market and a strong international presence focussed on Central-Eastern Europe and the Mediterranean basin. Intesa Sanpaolo intends to become a benchmark for the creation of value in the European banking sector. The new Group brings together two major Italian banks with shared values and improves their opportunities for growth as well as enabling enhanced service for retail customers, significant support for development of business customers and an important contribution to growth in all the countries where it operates. “

ISNPY has been the subject of a number of other research reports. ValuEngine downgraded shares of Intesa Sanpaolo SpA from a buy rating to a hold rating in a research report on Wednesday, September 6th. HSBC Holdings plc upgraded shares of Intesa Sanpaolo SpA from a hold rating to a buy rating in a research report on Wednesday, August 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Intesa Sanpaolo SpA has an average rating of Buy.

Shares of Intesa Sanpaolo SpA (OTCMKTS:ISNPY) traded down 0.14% during midday trading on Wednesday, reaching $20.72. The company’s stock had a trading volume of 62,680 shares. The stock has a 50-day moving average of $20.72 and a 200 day moving average of $18.81. Intesa Sanpaolo SpA has a 12-month low of $12.28 and a 12-month high of $21.51. The firm has a market capitalization of $53.60 billion, a P/E ratio of 7.25 and a beta of 1.17.

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About Intesa Sanpaolo SpA

Intesa Sanpaolo S.p.A. is a banking company. The Company’s segments include Banca dei Territori, Corporate and Investment Banking, International Subsidiary Banks, Asset Management, Private Banking and Insurance. The Banca dei Territori division includes the Company’s traditional lending and deposit collecting activities.

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