UniCredit (OTCMKTS:UNCFF) Rating Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of UniCredit (OTCMKTS:UNCFF) from a hold rating to a strong sell rating in a report published on Friday morning, Zacks.com reports.

According to Zacks, “UniCredit SpA is a commercial bank. It offers banking, asset management, pension fund, brokerage, leasing, factoring, transactional advisory, money markets and currency exchange, investment project financing, mergers and acquisitions, and debt securities issue services. The company operates primarily in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Hungary, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine. UniCredit SpA is headquartered in Milan, Italy. “

Several other brokerages also recently weighed in on UNCFF. Berenberg Bank restated a buy rating on shares of UniCredit in a report on Tuesday, November 12th. ValuEngine downgraded UniCredit from a sell rating to a strong sell rating in a report on Monday, November 11th. Finally, UBS Group downgraded UniCredit from a buy rating to a neutral rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold.

Shares of OTCMKTS:UNCFF opened at $13.60 on Friday. UniCredit has a 1-year low of $10.01 and a 1-year high of $14.73. The business has a fifty day moving average price of $12.58 and a 200-day moving average price of $12.01.

UniCredit Company Profile

UniCredit S.p.A. operates as a commercial bank. The company operates through Commercial Banking Italy, Commercial Banking Germany, Commercial Banking Austria, Corporate & Investment Banking, Central and Eastern Europe, Fineco, Group Corporate Centre, and Non-Core segments. It offers retail, corporate, and private banking services; credit, trading, and investment services; leasing and factoring services; transactional, investment, and credit products and services; insurance solutions; and structured financing, and hedging and treasury solutions.

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