Zacks Investment Research upgraded shares of Intesa Sanpaolo (OTCMKTS:ISNPY) from a hold rating to a buy rating in a research note published on Saturday. Zacks Investment Research currently has $25.00 price target on the financial services provider’s stock.
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. “
Several other analysts also recently issued reports on the stock. JPMorgan Chase raised shares of Intesa Sanpaolo from a neutral rating to an overweight rating in a research report on Wednesday, February 7th. ValuEngine raised shares of Intesa Sanpaolo from a hold rating to a buy rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of $25.00.
Shares of OTCMKTS:ISNPY opened at $21.93 on Friday. Intesa Sanpaolo has a 52-week low of $15.34 and a 52-week high of $23.85. The company has a market capitalization of $58,205.43, a price-to-earnings ratio of 26.27 and a beta of 1.34.
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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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