Intesa Sanpaolo (ISNPY) Cut to “Sell” at Zacks Investment Research
Zacks Investment Research lowered shares of Intesa Sanpaolo (OTCMKTS:ISNPY) from a hold rating to a sell rating in a research note issued to investors on Friday morning.
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. “
A number of other equities analysts also recently commented on the stock. ValuEngine downgraded shares of Intesa Sanpaolo from a buy rating to a hold rating in a research note on Wednesday, September 6th. J P Morgan Chase & Co downgraded shares of Intesa Sanpaolo from an overweight rating to a neutral rating in a research note on Wednesday, October 11th. Finally, upgraded shares of Intesa Sanpaolo from a hold rating to a buy rating in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold.
COPYRIGHT VIOLATION WARNING: “Intesa Sanpaolo (ISNPY) Cut to “Sell” at Zacks Investment Research” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/04/intesa-sanpaolo-isnpy-cut-to-sell-at-zacks-investment-research.html.
About Intesa Sanpaolo
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Intesa Sanpaolo SpA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intesa Sanpaolo SpA and related stocks with our FREE daily email newsletter.