UniCredit (OTCMKTS:UNCRY) Reaches New 1-Year High – Should You Buy?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY)’s share price reached a new 52-week high on Monday . The stock traded as high as $48.2550 and last traded at $48.24, with a volume of 7592 shares changing hands. The stock had previously closed at $47.13.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of UniCredit from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Barclays reissued an “overweight” rating on shares of UniCredit in a research note on Friday, July 24th. Finally, Morgan Stanley restated an “overweight” rating on shares of UniCredit in a research report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, UniCredit has a consensus rating of “Buy”.

UniCredit Stock Up 2.4%

The stock’s 50 day moving average price is $44.84 and its 200-day moving average price is $41.99.

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.