Intesa Sanpaolo (OTCMKTS:ISNPY) Sees Strong Trading Volume – Here’s Why

Shares of Intesa Sanpaolo SpA (OTCMKTS:ISNPY) saw strong trading volume on Thursday . 605,499 shares changed hands during trading, an increase of 196% from the previous session’s volume of 204,359 shares.The stock last traded at $38.7250 and had previously closed at $38.87.

Wall Street Analyst Weigh In

A number of research firms recently commented on ISNPY. Morgan Stanley reiterated an “overweight” rating on shares of Intesa Sanpaolo in a report on Tuesday, September 2nd. Zacks Research upgraded Intesa Sanpaolo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. The Goldman Sachs Group downgraded Intesa Sanpaolo from a “buy” rating to a “hold” rating in a research note on Wednesday, September 24th. Finally, Royal Bank Of Canada started coverage on Intesa Sanpaolo in a report on Wednesday, October 15th. They set a “moderate buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Intesa Sanpaolo Price Performance

The stock has a market capitalization of $114.95 billion, a P/E ratio of 11.63, a P/E/G ratio of 1.12 and a beta of 0.99. The firm has a 50-day simple moving average of $38.48 and a 200 day simple moving average of $35.92.

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.