Intesa Sanpaolo (OTCMKTS:ISNPY) Reaches New 1-Year High - Here's Why

Key Points

• Intesa Sanpaolo's stock reached a new 52-week high, trading at $40.10 with a volume of 1,425 shares on Wednesday.
• Equities analysts have mixed ratings for the company, with Goldman Sachs and Zacks lowering their ratings to "hold," while Morgan Stanley maintains an "overweight" rating.
• The bank operates a wide range of financial services, including lending, investment banking, and asset management, primarily serving clients in Italy.

Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as $40.11 and last traded at $40.10, with a volume of 1425 shares traded. The stock had previously closed at $39.69.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. The Goldman Sachs Group lowered Intesa Sanpaolo from a "buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Zacks Research lowered shares of Intesa Sanpaolo from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley restated an "overweight" rating on shares of Intesa Sanpaolo in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Intesa Sanpaolo Stock Up 1.2%

The company has a debt-to-equity ratio of 1.50, a current ratio of 1.42 and a quick ratio of 1.17. The stock has a market capitalization of $119.14 billion, a P/E ratio of 12.06, a PEG ratio of 1.12 and a beta of 1.07. The stock's fifty day moving average is $37.89 and its two-hundred day moving average is $34.30.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments: Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; private and commercial banking, corporate and transaction banking, structured finance, investment banking, public finance, and capital markets; industrial credit, leasing, and factoring; asset management; life and non-life insurance and pension products; asset and wealth management; private investments; and bancassurance products.

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