UniCredit (UNCFF) Stock Rating Lowered by Zacks Investment Research

UniCredit (OTCMKTS:UNCFF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

According to Zacks, “UniCredit SpA is a commercial bank. It offers banking, asset management, pension fund, brokerage, leasing, factoring, transactional advisory, money markets and currency exchange, investment project financing, mergers and acquisitions, and debt securities issue services. The company operates primarily in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Hungary, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine. UniCredit SpA is headquartered in Milan, Italy. “

Separately, Citigroup upgraded UniCredit from a “neutral” rating to a “buy” rating in a research note on Friday, February 8th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. UniCredit has a consensus rating of “Hold” and an average target price of $19.00.

Shares of UNCFF traded up $0.23 during trading hours on Thursday, hitting $12.58. 10,902 shares of the company were exchanged, compared to its average volume of 2,335. UniCredit has a 52 week low of $10.75 and a 52 week high of $22.15.

UniCredit Company Profile

UniCredit S.p.A. operates as a commercial bank. The company operates through Commercial Banking Italy, Commercial Banking Germany, Commercial Banking Austria, Corporate & Investment Banking, Central and Eastern Europe, Fineco, Group Corporate Centre, and Non-Core segments. It offers retail, corporate, and private banking services; credit, trading, and investment services; leasing and factoring services; transactional, investment, and credit products and services; insurance solutions; and structured financing, and hedging and treasury solutions.

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