CaixaBank (OTCMKTS:CAIXY) Sets New 1-Year High – Should You Buy?

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) hit a new 52-week high during trading on Tuesday . The company traded as high as $3.96 and last traded at $3.9425, with a volume of 3196 shares trading hands. The stock had previously closed at $3.84.

Analyst Ratings Changes

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of CaixaBank in a research report on Thursday, December 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CaixaBank in a report on Monday, November 3rd. Finally, The Goldman Sachs Group upgraded shares of CaixaBank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

CaixaBank Trading Up 1.8%

The business’s 50-day moving average is $3.59 and its 200-day moving average is $3.30.

CaixaBank Company Profile

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.