CaixaBank (OTCMKTS:CAIXY) Sets New 1-Year High – Here’s Why

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) reached a new 52-week high on Wednesday . The stock traded as high as $3.90 and last traded at $3.90, with a volume of 307879 shares trading hands. The stock had previously closed at $3.79.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CAIXY shares. The Goldman Sachs Group raised CaixaBank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of CaixaBank in a research note on Thursday, December 4th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CaixaBank in a research report on Monday, November 3rd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

CaixaBank Stock Performance

The firm has a 50-day moving average of $3.54 and a two-hundred day moving average of $3.25.

About CaixaBank

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.