Intesa Sanpaolo (OTCMKTS:ISNPY) Sees Strong Trading Volume - Here's Why

Key Points

• Intesa Sanpaolo experienced a remarkable trading volume increase of 808%, with 1,800,175 shares traded on Wednesday, closing at $38.14.
• Analysts are generally optimistic, with a consensus rating of "Moderate Buy"; however, Zacks Research downgraded the stock from "strong-buy" to "hold".
• The company has a market capitalization of $113.75 billion and a P/E ratio of 11.51, indicating strong financial health and potential for growth.

Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,800,175 shares traded hands during trading, an increase of 808% from the previous session's volume of 198,310 shares.The stock last traded at $38.14 and had previously closed at $38.14.

Analyst Upgrades and Downgrades

ISNPY has been the topic of several research reports. Morgan Stanley restated an "overweight" rating on shares of Intesa Sanpaolo in a research note on Tuesday, September 2nd. Zacks Research lowered Intesa Sanpaolo from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

Intesa Sanpaolo Price Performance

The firm has a market cap of $117.86 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.11 and a beta of 1.07. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.69. The stock has a 50 day moving average price of $36.87 and a two-hundred day moving average price of $33.66.

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.