Intesa Sanpaolo SpA (OTCMKTS:ISNPY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Intesa Sanpaolo is a new banking group resulting from the merger between Banca Intesa and Sanpaolo IMI. It has leadership in the Italian market and a strong international presence focussed on Central-Eastern Europe and the Mediterranean basin. Intesa Sanpaolo intends to become a benchmark for the creation of value in the European banking sector. The new Group brings together two major Italian banks with shared values and improves their opportunities for growth as well as enabling enhanced service for retail customers, significant support for development of business customers and an important contribution to growth in all the countries where it operates. “

Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Intesa Sanpaolo SpA from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. HSBC Holdings plc raised shares of Intesa Sanpaolo SpA from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy”.

Shares of Intesa Sanpaolo SpA (ISNPY) opened at 21.10 on Wednesday. The firm’s 50-day moving average price is $20.70 and its 200 day moving average price is $18.80. The company has a market cap of $54.58 billion, a price-to-earnings ratio of 7.39 and a beta of 1.17. Intesa Sanpaolo SpA has a 12-month low of $12.28 and a 12-month high of $21.51.

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About Intesa Sanpaolo SpA

Intesa Sanpaolo S.p.A. is a banking company. The Company’s segments include Banca dei Territori, Corporate and Investment Banking, International Subsidiary Banks, Asset Management, Private Banking and Insurance. The Banca dei Territori division includes the Company’s traditional lending and deposit collecting activities.

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