CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $4.44 and traded as high as $4.96. CaixaBank shares last traded at $4.51, with a volume of 357,253 shares trading hands.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on CAIXY. Keefe, Bruyette & Woods lowered shares of CaixaBank from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 17th. Citigroup reaffirmed a “buy” rating on shares of CaixaBank in a research report on Monday, October 5th. UBS Group upgraded CaixaBank from a “hold” rating to a “buy” rating in a research note on Wednesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CaixaBank in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CaixaBank presently has an average rating of “Hold”.
Read Our Latest Analysis on CAIXY
CaixaBank Trading Up 6.1%
The firm’s 50-day moving average price is $4.67 and its 200 day moving average price is $4.44.
CaixaBank Company Profile
CaixaBank, SA is a Spanish financial services group that provides banking and related financial products to individuals, businesses, institutions and public-sector customers. Its services include current and savings accounts, consumer and residential lending, credit and debit cards, payment solutions, mortgages, corporate financing and investment banking.
The company also operates through businesses covering wealth management, asset management, insurance and pension products. CaixaBank distributes many of these services through a combination of branches, digital banking channels and specialized platforms, serving customers primarily in Spain and, through its Banco BPI subsidiary, in Portugal.
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