Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Intesa Sanpaolo SpA (OTCMKTS:ISNPY) have received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

A number of equities research analysts recently commented on the company. The Goldman Sachs Group cut Intesa Sanpaolo from a “buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Morgan Stanley restated an “overweight” rating on shares of Intesa Sanpaolo in a research report on Monday, November 24th. Zacks Research downgraded shares of Intesa Sanpaolo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Keefe, Bruyette & Woods lowered shares of Intesa Sanpaolo from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 14th. Finally, Royal Bank Of Canada started coverage on shares of Intesa Sanpaolo in a research note on Wednesday, October 15th. They issued a “moderate buy” rating for the company.

Intesa Sanpaolo Price Performance

Shares of OTCMKTS ISNPY opened at $42.09 on Monday. The company’s 50 day simple moving average is $40.09 and its 200 day simple moving average is $38.13. Intesa Sanpaolo has a fifty-two week low of $23.68 and a fifty-two week high of $42.16. The firm has a market capitalization of $122.15 billion, a P/E ratio of 12.53, a P/E/G ratio of 1.04 and a beta of 0.75.

Intesa Sanpaolo Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 8th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.9325 per share. The ex-dividend date was Monday, December 1st. This represents a yield of 445.0%. Intesa Sanpaolo’s payout ratio is currently 55.65%.

About Intesa Sanpaolo

Intesa Sanpaolo is an Italian banking group formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. The group is one of Italy’s largest financial institutions, serving a wide range of clients from individual retail customers to large corporations and institutional investors. Its long heritage traces to several regional banks and savings institutions that became part of the consolidated group, giving it a prominent role in the Italian financial system.

The company operates across multiple business lines, including retail banking (current accounts, deposits, mortgages and consumer loans), corporate and investment banking (cash management, lending, capital markets and advisory), private banking and wealth management, asset management and insurance.