UniCredit (OTCMKTS:UNCRY) Hits New 52-Week High – Here’s Why

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $45.01 and last traded at $45.01, with a volume of 1502 shares traded. The stock had previously closed at $43.31.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of UniCredit in a research note on Monday, January 5th. Keefe, Bruyette & Woods upgraded shares of UniCredit from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

UniCredit Stock Performance

The business has a 50-day simple moving average of $41.12 and a two-hundred day simple moving average of $38.85.

UniCredit Company Profile

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.