CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $4.89 and last traded at $4.79, with a volume of 566206 shares trading hands. The stock had previously closed at $4.68.
Analyst Upgrades and Downgrades
CAIXY has been the topic of several research analyst reports. Citigroup restated a “buy” rating on shares of CaixaBank in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of CaixaBank in a research note on Tuesday, May 12th. Barclays upgraded shares of CaixaBank from a “hold” rating to an “overweight” rating in a research note on Wednesday, April 15th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of CaixaBank in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.
View Our Latest Research Report on CaixaBank
CaixaBank Stock Up 2.4%
CaixaBank Company Profile
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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