UniCredit (OTCMKTS:UNCFF) Upgraded by Zacks Investment Research to Hold

UniCredit (OTCMKTS:UNCFF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “UniCredit SpA is a commercial bank. It offers banking, asset management, pension fund, brokerage, leasing, factoring, transactional advisory, money markets and currency exchange, investment project financing, mergers and acquisitions, and debt securities issue services. The company operates primarily in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Hungary, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine. UniCredit SpA is headquartered in Milan, Italy. “

Separately, UBS Group cut UniCredit from a “buy” rating to a “neutral” rating in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold”.

UNCFF traded up $0.82 during trading on Thursday, hitting $10.86. The company had a trading volume of 500 shares, compared to its average volume of 2,832. UniCredit has a one year low of $10.01 and a one year high of $16.63. The firm’s 50-day moving average price is $11.90 and its 200 day moving average price is $12.37.

UniCredit Company Profile

UniCredit S.p.A. operates as a commercial bank. The company operates through Commercial Banking Italy, Commercial Banking Germany, Commercial Banking Austria, Corporate & Investment Banking, Central and Eastern Europe, Fineco, Group Corporate Centre, and Non-Core segments. It offers retail, corporate, and private banking services; credit, trading, and investment services; leasing and factoring services; transactional, investment, and credit products and services; insurance solutions; and structured financing, and hedging and treasury solutions.

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