Bankinter (OTCMKTS:BKNIY) Rating Lowered to “Strong Sell” at Zacks Research

Bankinter (OTCMKTS:BKNIY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

A number of other brokerages have also weighed in on BKNIY. Jefferies Financial Group raised shares of Bankinter from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Royal Bank Of Canada reissued an “outperform” rating on shares of Bankinter in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Bankinter Stock Performance

Shares of BKNIY stock opened at $16.64 on Monday. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 11.16 and a beta of -0.09. The stock has a fifty day moving average of $17.77 and a 200 day moving average of $17.23. Bankinter has a 52 week low of $14.74 and a 52 week high of $20.07. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.54.

Bankinter (OTCMKTS:BKNIY) last issued its quarterly earnings data on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. Bankinter had a net margin of 24.51% and a return on equity of 17.89%. The business had revenue of $890.20 million during the quarter, compared to analyst estimates of $906.80 million. As a group, research analysts expect that Bankinter will post 1.44 earnings per share for the current year.

About Bankinter

Bankinter is a Spanish banking group headquartered in Madrid. Founded in 1965 as Banco Intercontinental Español, it began as an industrial bank before expanding into commercial banking and other financial services. The company serves individual customers, businesses and institutional clients through retail, corporate and private banking. Its services include deposits, loans, mortgages, payment and investment products, and consumer finance. Bankinter operates primarily in Spain and also serves customers in Portugal and Ireland.