Intesa Sanpaolo (OTCMKTS:ISNPY) Trading Up 0.5% - Here's What Happened

Key Points

• Intesa Sanpaolo's stock increased by 0.5%, closing at $38.32 with significant trading volume of approximately 1.9 million shares, a surge of 840% compared to its average daily volume.
• Analyst ratings reflect a mixed outlook, with Morgan Stanley maintaining an "overweight" rating, while Zacks downgraded it from "strong-buy" to "hold", resulting in a consensus rating of "Moderate Buy".
• The company has a market capitalization of $113.71 billion and notable financial metrics including a PE ratio of 11.51 and a debt-to-equity ratio of 1.69.

Intesa Sanpaolo SpA (OTCMKTS:ISNPY - Get Free Report)'s stock price was up 0.5% on Wednesday . The stock traded as high as $38.40 and last traded at $38.32. Approximately 1,927,859 shares changed hands during mid-day trading, an increase of 840% from the average daily volume of 205,056 shares. The stock had previously closed at $38.14.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Morgan Stanley reissued an "overweight" rating on shares of Intesa Sanpaolo in a report on Tuesday, September 2nd. Zacks Research downgraded shares of Intesa Sanpaolo from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Intesa Sanpaolo Stock Up 0.5%

The company has a market cap of $113.71 billion, a PE ratio of 11.51, a P/E/G ratio of 1.33 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 firm's fifty day simple moving average is $36.71 and its 200-day simple moving average is $33.47.

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.

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