UniCredit (OTCMKTS:UNCRY) Sets New 52-Week High - What's Next?

Key Points

• UniCredit shares reached a new 52-week high of $36.51 during trading, reflecting a notable increase from a previous close of $35.75.
• Analyst firm Keefe, Bruyette & Woods downgraded UniCredit from a "moderate buy" to a "hold" rating as of May 15th.
• The company's 50-day and 200-day moving averages are at $33.26 and $29.00, respectively, indicating a positive trend in its price performance.

Shares of UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $36.51 and last traded at $36.50, with a volume of 3096 shares. The stock had previously closed at $35.75.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered UniCredit from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th.

UniCredit Price Performance

The firm has a 50-day simple moving average of $33.60 and a two-hundred day simple moving average of $29.31.

About UniCredit

UniCredit S.p.A. provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe. It offers retail, private, and wealth management solutions; and institutional investor solutions. The company also provides corporate finance advisory, rating advisory, financial sponsor, patient capital, capital structure advisory, and finance solutions, as well as securities services.