UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

UNCRY has been the subject of several analyst reports. Barclays reissued an “overweight” rating on shares of UniCredit in a research note on Friday, July 24th. Royal Bank Of Canada started coverage on UniCredit in a research report on Tuesday, September 15th. They issued a “hold” rating on the stock. Finally, Morgan Stanley reiterated an “overweight” rating on shares of UniCredit in a research note on Wednesday, September 2nd.

UniCredit Price Performance

UniCredit stock opened at $48.07 on Wednesday. UniCredit has a twelve month low of $33.63 and a twelve month high of $50.28. The stock’s fifty day simple moving average is $48.10 and its 200-day simple moving average is $43.64.

About UniCredit

UniCredit S.p.A. is a European commercial and investment bank headquartered in Milan, Italy. The group provides banking and financial services to individuals, households, small and medium-sized businesses, large corporations, and institutional clients.

Its activities include deposit-taking, consumer and residential lending, business loans, payment services, wealth management, private banking, corporate finance, investment banking, and capital-markets services. UniCredit also offers insurance and asset-management products through its banking and financial-services operations.

The bank serves customers primarily across Italy, Germany, Austria and Central and Eastern Europe, including markets such as the Czech Republic, Slovakia, Hungary, Romania and Bulgaria.