Intesa Sanpaolo (OTCMKTS:ISNPY) Hits New 12-Month High – Here’s What Happened

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) hit a new 52-week high on Wednesday . The company traded as high as $43.63 and last traded at $43.5950, with a volume of 22778 shares. The stock had previously closed at $43.38.

Analyst Ratings Changes

Several research analysts have weighed in on ISNPY shares. Morgan Stanley reiterated an “overweight” rating on shares of Intesa Sanpaolo in a research report on Thursday, April 16th. 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Intesa Sanpaolo has an average rating of “Moderate Buy”.

Intesa Sanpaolo Stock Up 0.3%

The firm has a market capitalization of $128.22 billion, a P/E ratio of 11.70 and a beta of 0.79. The firm has a 50 day moving average of $40.95 and a 200-day moving average of $40.27.

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.