Zacks Research Downgrades UniCredit (OTCMKTS:UNCRY) to Strong Sell

UniCredit (OTCMKTS:UNCRY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of UniCredit in a report on Thursday, February 12th. Morgan Stanley raised shares of UniCredit from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, February 10th. Finally, Erste Group Bank cut shares of UniCredit from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

UniCredit Trading Down 0.1%

Shares of UniCredit stock opened at $38.52 on Tuesday. The stock has a 50 day moving average of $39.23 and a 200 day moving average of $39.42. UniCredit has a fifty-two week low of $28.07 and a fifty-two week high of $47.14.

About UniCredit

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.