Intesa Sanpaolo (OTCMKTS:ISNPY) Downgraded by Zacks Research to Strong Sell

Intesa Sanpaolo (OTCMKTS:ISNPY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.

Several other analysts have also weighed in on ISNPY. Royal Bank Of Canada reissued an “outperform” rating on shares of Intesa Sanpaolo in a report on Thursday, July 30th. Citigroup began coverage on shares of Intesa Sanpaolo in a research report on Friday, November 6th. They issued a “strong-buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Intesa Sanpaolo Stock Performance

Shares of OTCMKTS:ISNPY opened at $43.20 on Monday. The business’s 50-day simple moving average is $43.44 and its 200 day simple moving average is $41.91. The company has a market cap of $127.31 billion, a P/E ratio of 11.11 and a beta of 0.85. Intesa Sanpaolo has a one year low of $34.06 and a one year high of $48.42.

Intesa Sanpaolo Company Profile

Intesa Sanpaolo is an Italian banking group serving individuals, businesses and institutional clients. Its services include retail and commercial banking, lending, payments, investment banking, wealth management, asset management and insurance. The group was formed in 2007 through the merger of Banca Intesa and Sanpaolo IMI. It is headquartered in Italy and has an international presence, including operations in Central and Eastern Europe and other markets. Intesa Sanpaolo’s activities span everyday banking and financing as well as investment and advisory services, delivered through its banking network and specialist businesses.