UniCredit (OTCMKTS:UNCRY) Sets New 12-Month High – Still a Buy?

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $46.82 and last traded at $46.68, with a volume of 36076 shares. The stock had previously closed at $43.78.

Wall Street Analyst Weigh In

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

UniCredit Price Performance

The stock’s 50-day moving average is $41.36 and its two-hundred day moving average is $38.99.

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.