UniCredit (UNCRY) Projected to Post Earnings on Monday

UniCredit (OTCMKTS:UNCRY) is projected to release its resultson Monday, May 11th. Analysts expect UniCredit to post earnings of $1.06 per share and revenue of $7.6168 billion for the quarter.

UniCredit Price Performance

UniCredit stock traded down $0.98 during midday trading on Monday, hitting $37.86. The company’s stock had a trading volume of 34,886 shares, compared to its average volume of 341,011. The stock’s 50-day moving average price is $38.61 and its 200-day moving average price is $39.50. UniCredit has a 12 month low of $29.12 and a 12 month high of $47.14.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UNCRY shares. Citigroup reaffirmed a “buy” rating on shares of UniCredit in a research note on Thursday, February 12th. Erste Group Bank lowered shares of UniCredit from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Zacks Research cut shares of UniCredit from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. Finally, Morgan Stanley upgraded shares of UniCredit from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About UniCredit

UniCredit S.p.A. is an international banking group headquartered in Milan, Italy, offering a broad range of banking and financial services to retail, corporate and institutional clients. The firm operates as a universal bank, combining traditional deposit-taking and lending with capital markets activities, transaction banking and advisory services. UniCredit provides consumer and commercial loans, mortgage financing, deposit accounts, payment and card services, and wealth management solutions for private clients.

On the corporate and institutional side, UniCredit offers relationship banking, corporate lending, trade and export finance, cash management, custody and securities services, and investment banking capabilities including debt and equity capital markets and structured finance.