Zacks Research Upgrades UniCredit (OTCMKTS:UNCRY) to “Hold”

UniCredit (OTCMKTS:UNCRY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other analysts have also weighed in on UNCRY. Citigroup reiterated a “buy” rating on shares of UniCredit in a research note on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating on shares of UniCredit in a research note on Wednesday, May 6th. Finally, Erste Group Bank lowered shares of UniCredit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, UniCredit has an average rating of “Buy”.

UniCredit Trading Down 1.2%

OTCMKTS:UNCRY opened at $41.65 on Wednesday. UniCredit has a 1-year low of $31.32 and a 1-year high of $47.14. The company’s fifty day moving average price is $38.66 and its 200-day moving average price is $39.96.

UniCredit Company Profile

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.