Italian stock alert

ITALY

CLOSING UPDATE: UniCredit keeps sliding: down 9.1% in 3 days 18 May 2018 19:15 CEST

NEWS BITES - EUROPE

This is an end of day Alert, produced after today's Italian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

UniCredit, Italy's 2nd largest bank by market capitalisation, extended its slide on Friday, shedding an additional 46.0c (or 2.8%) to trade at EUR16.22. Trading volume was 2.1 times average at the end of the day. The shares have fallen EUR1.62 (or 9.1%) over the past three trading days vs. the FTSE MIB Index which has fallen 3.5% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 0.08 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price tumbled 9.6% in the last week.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Price to Book of 0.8 [0.3]

+ Return on Equity 3.2% [9.9%]

+ Return on Assets 0.2% [1.1%]

Other Bearish Signals include:

+ As per the Du Pont analysis, Return on Equity is less than stellar at 3.2%. Also, this has deteriorated from 3.8% last year.

Note

UniCredit today is at a discount of 11.1% to the 12-month high of EUR18.25 on 25 Apr, 2018. It is at a premium of 9.4% to the 12-month low of EUR14.83 on 06 Jun, 2017.

The stock has outperformed 52% of the Italian market over the past 6 months.

Bullish Signals:

In the last three months the stock has hit a new 52-week high thrice.

The company is cash rich with Cash to Market Capitalisation at 28.5%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Dividend yield of 2% [0.7%]

TODAY'S ALERTS

Afternoon Alert: UniCredit keeps sliding: down 8.9% in 3 days

18 May 2018 14:06 CEST

UniCredit (MI:UCG) extended its slide on Friday, shedding an additional 42.0c (or 2.5%) to trade at EUR16.26. Trading volume was 1.8 times average so far today. The shares have fallen EUR1.58 (or 8.9%) over the past three trading days vs. the FTSE MIB Index which has fallen 3.1% in the same period.

Afternoon Alert: UniCredit keeps sliding: down 9.1% in 3 days

18 May 2018 12:08 CEST

UniCredit (MI:UCG) extended its slide on Friday, shedding an additional 47.0c (or 2.8%) to trade at EUR16.21. Trading volume was 1.7 times average so far today. The shares have fallen EUR1.63 (or 9.1%) over the past three trading days vs. the FTSE MIB Index which has fallen 3.4% in the same period.

RECENT ALERTS

CLOSING UPDATE: UniCredit decreases 1.9%, led Bank sector lower

17 May 2018 19:18 CEST

UniCredit, Italy's 2nd largest bank by market capitalisation, has decreased 1.9% to trade at EUR16.68 vs. the Bank sector which weakened 138.2 points (or 0.3%) to 53,256.4. Representing a weighting of about 5.6% of the sector, the stock accounted for 40.6% of today's loss. The shares have underperformed 92% of the market in the past week. Trading volume was 1.9 times average at the end of the day. Compared with the FTSE MIB Index which rose 67.8 points (or 0.3%) in the day, this represented a relative price change of -2.2%.

Afternoon Alert: UniCredit down 6.3% in 2 days

17 May 2018 14:06 CEST

UniCredit (MI:UCG) extended its slide on Thursday, shedding an additional 29.0c (or 1.7%) to trade at EUR16.71. Trading volume was 1.5 times average so far today. The shares have fallen EUR1.13 (or 6.3%) over the past two trading days vs. the FTSE MIB Index which has fallen 2.2% in the same period.

UniCredit (MI:UCG; BIT:UCG; IM:UCG)

ISIN: IT0005239360

PermID: 4295875726

Source: www.BuySellSignals.com