Banca Mediolanum (OTCMKTS:BNCDY) Hits New 1-Year High – Time to Buy?

Shares of Banca Mediolanum S.p.A. (OTCMKTS:BNCDY) reached a new 52-week high on Monday . The company traded as high as $49.60 and last traded at $49.60, with a volume of 239 shares. The stock had previously closed at $48.50.

Analyst Upgrades and Downgrades

BNCDY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Banca Mediolanum in a report on Wednesday, February 18th. Zacks Research upgraded Banca Mediolanum to a “hold” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Banca Mediolanum Stock Up 2.6%

The business’s fifty day moving average price is $44.54 and its 200 day moving average price is $43.69.

Banca Mediolanum Company Profile

Banca Mediolanum is an Italian banking and financial services group that operates through a network of financial advisors and direct banking channels. The company provides a broad spectrum of retail banking products, including deposit accounts, mortgages, personal loans and consumer credit. In addition to its core banking activities, Banca Mediolanum offers asset management solutions and life and pension insurance products through its subsidiaries.

The institution traces its origins to 1982, when entrepreneur Ennio Doris founded Mediolanum S.p.A.