Zacks Investment Research upgraded shares of Intesa Sanpaolo (OTCMKTS:ISNPY) from a strong sell rating to a hold rating in a report published on Wednesday, January 31st.
According to Zacks, “Intesa Sanpaolo is a new banking group resulting from the merger between Banca Intesa and Sanpaolo IMI. It has leadership in the Italian market and a strong international presence focussed on Central-Eastern Europe and the Mediterranean basin. Intesa Sanpaolo intends to become a benchmark for the creation of value in the European banking sector. The new Group brings together two major Italian banks with shared values and improves their opportunities for growth as well as enabling enhanced service for retail customers, significant support for development of business customers and an important contribution to growth in all the countries where it operates. “
Separately, JPMorgan Chase & Co. lowered shares of Intesa Sanpaolo from an overweight rating to a neutral rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy.
Intesa Sanpaolo (OTCMKTS ISNPY) opened at $23.41 on Wednesday. Intesa Sanpaolo has a 1 year low of $13.13 and a 1 year high of $23.85.
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About Intesa Sanpaolo
Intesa Sanpaolo S.p.A. is a banking company. The Company’s segments include Banca dei Territori, Corporate and Investment Banking, International Subsidiary Banks, Asset Management, Private Banking and Insurance. The Banca dei Territori division includes the Company’s traditional lending and deposit collecting activities.
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