UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) has received an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Several research firms recently commented on UNCRY. Barclays restated an “overweight” rating on shares of UniCredit in a research note on Friday, July 24th. Royal Bank Of Canada initiated coverage on shares of UniCredit in a research report on Tuesday, September 15th. They set a “hold” rating on the stock. Citigroup reiterated a “buy” rating on shares of UniCredit in a research note on Monday, September 28th. Finally, Morgan Stanley reissued an “overweight” rating on shares of UniCredit in a report on Wednesday, September 2nd.

UniCredit Price Performance

UNCRY opened at $40.26 on Friday. UniCredit has a fifty-two week low of $33.63 and a fifty-two week high of $50.28. The stock has a fifty day moving average of $46.59 and a 200-day moving average of $44.62.

UniCredit Company Profile

UniCredit S.p.A. is a European commercial and investment banking group headquartered in Milan, Italy. The company provides banking and financial services to individuals, businesses and institutions, including current accounts, consumer and residential lending, payment services, deposits, investment products, wealth management and corporate finance.

UniCredit serves customers primarily across Italy, Germany and Austria, as well as selected markets in Central and Eastern Europe. Its corporate and investment banking operations offer lending, transaction banking, capital-markets services, advisory and risk-management solutions, while its wealth-management business provides investment and private-banking services.

The modern UniCredit group was established in 1998 through the combination of several Italian banks and expanded through subsequent mergers and acquisitions, including the integration of Germany’s HypoVereinsbank and Austria’s Bank Austria.