Intesa Sanpaolo SpA (OTCMKTS:ISNPY) Given Average Rating of “Moderate Buy” by Brokerages

Intesa Sanpaolo SpA (OTCMKTS:ISNPY) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company.

Several brokerages have recently commented on ISNPY. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Intesa Sanpaolo in a research note on Thursday. Morgan Stanley reiterated an “overweight” rating on shares of Intesa Sanpaolo in a research report on Thursday, April 16th. Finally, Kepler Capital Markets upgraded Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 1st.

Intesa Sanpaolo Trading Up 2.3%

Shares of OTCMKTS:ISNPY traded up $1.00 during trading on Thursday, reaching $45.04. 220,467 shares of the company traded hands, compared to its average volume of 380,210. Intesa Sanpaolo has a 52-week low of $34.06 and a 52-week high of $45.18. The firm has a market capitalization of $132.74 billion, a price-to-earnings ratio of 12.11 and a beta of 0.79. The business’s fifty day moving average is $41.64 and its 200-day moving average is $40.42.

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.