Intesa Sanpaolo (OTCMKTS:ISNPY) Reaches New 52-Week High - What's Next?

Key Points

• Intesa Sanpaolo's shares recently hit a 52-week high of $39.34 during trading, with a notable increase from its previous close of $38.54.
• The company has seen rating downgrades from analysts, with Zacks Research and Kepler Capital Markets both lowering their ratings from "strong-buy" to "hold."
• Intesa Sanpaolo reported earnings per share of $0.95, surpassing analyst expectations of $0.89, and achieved revenue of $7.70 billion compared to estimates of $6.87 billion.

Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $39.34 and last traded at $39.00, with a volume of 119737 shares traded. The stock had previously closed at $38.54.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ISNPY. Kepler Capital Markets lowered shares of Intesa Sanpaolo from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Zacks Research lowered shares of Intesa Sanpaolo from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Intesa Sanpaolo Trading Down 0.5%

The company has a debt-to-equity ratio of 1.69, a current ratio of 1.17 and a quick ratio of 1.17. The company's 50 day moving average is $35.64 and its two-hundred day moving average is $32.63. The firm has a market cap of $117.40 billion, a P/E ratio of 12.29, a PEG ratio of 1.39 and a beta of 1.07.

Intesa Sanpaolo (OTCMKTS:ISNPY - Get Free Report) last released its earnings results on Monday, May 26th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Intesa Sanpaolo had a net margin of 20.01% and a return on equity of 13.15%. The business had revenue of $7.70 billion during the quarter, compared to analysts' expectations of $6.87 billion. On average, sell-side analysts predict that Intesa Sanpaolo SpA will post 2.91 earnings per share for the current year.

About Intesa Sanpaolo

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.