Intesa Sanpaolo (OTCMKTS:ISNPY) Reaches New 52-Week High – Should You Buy?

Intesa Sanpaolo SpA (OTCMKTS:ISNPY)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $44.25 and last traded at $44.25, with a volume of 2772 shares traded. The stock had previously closed at $43.56.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Kepler Capital Markets upgraded shares of Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 1st. Morgan Stanley restated an “overweight” rating on shares of Intesa Sanpaolo in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Intesa Sanpaolo Stock Down 2.9%

The firm’s 50-day simple moving average is $41.29 and its 200 day simple moving average is $40.36. The stock has a market capitalization of $126.18 billion, a P/E ratio of 11.51 and a beta of 0.79.

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.