Keefe, Bruyette & Woods Downgrades CaixaBank (OTCMKTS:CAIXY) to Moderate Sell

CaixaBank (OTCMKTS:CAIXYGet Free Report) was downgraded by investment analysts at Keefe, Bruyette & Woods from a “hold” rating to a “moderate sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also commented on CAIXY. Royal Bank Of Canada reiterated a “sector perform” rating on shares of CaixaBank in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of CaixaBank in a research report on Tuesday, August 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of CaixaBank in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

View Our Latest Analysis on CAIXY

CaixaBank Stock Performance

OTCMKTS CAIXY opened at $4.97 on Monday. CaixaBank has a twelve month low of $3.20 and a twelve month high of $5.05. The stock has a fifty day simple moving average of $4.77 and a 200 day simple moving average of $4.35.

About CaixaBank

(Get Free Report)

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.

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