Barclays Upgrades UniCredit SpA to Hold

By Ryan Adsit

In a report released today, Victor Galliano from Barclays upgraded UniCredit SpA (NYSEArca: UNCFF) to Hold. The company’s shares closed last Friday at $15.37.

Galliano has an average return of 23.1% when recommending UniCredit SpA.

According to TipRanks.com, Galliano is ranked #1304 out of 4517 analysts.

UniCredit SpA has an analyst consensus of Hold.

Based on UniCredit SpA’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $6.02 billion and quarterly net profit of $448 million. In comparison, last year the company earned revenue of $6.3 billion and had a net profit of $167 million.

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UniCredit SpA is a holding company, which is engaged in the provision of commercial banking services. It operates through the following segments: Family and Small Medium Enterprise (F&SME) Network in Italy, Germany, Austria, Poland, and Factories; Corporate and Investment Banking (CIB); Private Banking; Asset Management; Central and Eastern Europe (CEE); and Group Corporate Center. The F&SME Network in Italy, Germany, Austria, Poland, and Factories segment provides consumer finance, credit management and collection, leasing, investment, and financial services to individuals, households, and small and medium enterprises. The CIB segment offers structured finance, capital markets, and investment products; and corporate banking, transactions, financial, and advisory services to corporate and multinational customers. The Private Banking segment provides wealth management solutions for medium-to-high net worth individuals. The Asset Management segment, which operates under Pioneer Investments brand, offers financial solutions such as mutual funds, hedge funds, assets under administration, and portfolios for institutional investors. The CEE segment provides international financial banking services. The Group Corporate Center includes global banking services and corporate center. The company was founded in October 1998 and is headquartered in Milan, Italy.