Zacks Investment Research upgraded shares of Intesa Sanpaolo (OTCMKTS:ISNPY) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $14.00 target price on the financial services provider’s stock.
According to Zacks, “Intesa Sanpaolo is a new banking group resulting from the merger between Banca Intesa and Sanpaolo IMI. It has leadership in the Italian market and a strong international presence focussed on Central-Eastern Europe and the Mediterranean basin. Intesa Sanpaolo intends to become a benchmark for the creation of value in the European banking sector. The new Group brings together two major Italian banks with shared values and improves their opportunities for growth as well as enabling enhanced service for retail customers, significant support for development of business customers and an important contribution to growth in all the countries where it operates. “
Several other research analysts also recently commented on the stock. UBS Group reiterated a neutral rating on shares of Intesa Sanpaolo in a report on Friday, July 10th. Jefferies Financial Group upgraded shares of Intesa Sanpaolo from a hold rating to a buy rating in a report on Wednesday, July 1st. ValuEngine downgraded shares of Intesa Sanpaolo from a sell rating to a strong sell rating in a report on Monday, June 8th. Finally, Deutsche Bank reiterated a buy rating on shares of Intesa Sanpaolo in a report on Thursday, April 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $14.00.
Shares of ISNPY opened at $12.06 on Thursday. The company has a market capitalization of $35.18 billion, a PE ratio of 6.85 and a beta of 1.06. Intesa Sanpaolo has a one year low of $8.44 and a one year high of $16.91. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.33 and a quick ratio of 1.33. The company’s fifty day moving average price is $11.86 and its 200 day moving average price is $11.91.
Intesa Sanpaolo Company Profile
Intesa Sanpaolo S.p.A. provides various banking products and services. It operates through Banca dei Territori, Corporate and Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance segments. The company offers lending and deposit products; corporate, investment banking, and public finance services; industrial credit, factoring, and leasing services; asset management solutions; life and non-life insurance products; and bancassurance and pension fund, and fiduciary services.
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