Intesa Sanpaolo (OTCMKTS:ISNPY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday.
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, ValuEngine raised Intesa Sanpaolo from a “strong sell” rating to a “sell” rating in a report on Monday, September 24th.
Shares of ISNPY opened at $13.35 on Friday. Intesa Sanpaolo has a fifty-two week low of $12.68 and a fifty-two week high of $23.85. The stock has a market capitalization of $36.00 billion, a P/E ratio of 4.48 and a beta of 1.04. The company has a quick ratio of 1.18, a current ratio of 1.35 and a debt-to-equity ratio of 1.66.
Intesa Sanpaolo Company Profile
Intesa Sanpaolo S.p.A. provides various banking products and services. It operates through Banca dei Territori, Banking, Internat Subsidiary Banks, Private Banking, and Asset Management business units. The company offers lending and deposit products; corporate, investment banking, and public finance services; industrial credit, factoring, and leasing services; asset management solutions; life and non-life insurance products; and bancassurance and pension fund, and fiduciary services.
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