CaixaBank (OTCMKTS:CAIXY) Sees Large Volume Increase – Still a Buy?

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) shares saw unusually-high trading volume on Thursday. 1,367,966 shares traded hands during mid-day trading, an increase of 227% from the average daily volume of 418,236 shares. The stock last traded at $4.4760 and had previously closed at $4.57.

Analyst Upgrades and Downgrades

Several analysts recently commented on CAIXY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CaixaBank in a report on Tuesday, August 4th. Keefe, Bruyette & Woods cut shares of CaixaBank from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 17th. Citigroup reaffirmed a “buy” rating on shares of CaixaBank in a report on Monday, October 5th. Finally, UBS Group upgraded shares of CaixaBank from a “hold” rating to a “buy” rating in a research note on Wednesday, September 23rd. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, CaixaBank has an average rating of “Hold”.

CaixaBank Stock Down 3.5%

The firm’s fifty day moving average is $4.67 and its 200 day moving average 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.