CaixaBank (OTCMKTS:CAIXY) Downgraded by Keefe, Bruyette & Woods to “Moderate Sell”

Keefe, Bruyette & Woods downgraded shares of CaixaBank (OTCMKTS:CAIXY) from a hold rating to a moderate sell rating in a report issued on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Citigroup reiterated a “buy” rating on shares of CaixaBank in a report on Thursday, July 9th. Royal Bank Of Canada restated a “sector perform” rating on shares of CaixaBank in a research note on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CaixaBank in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, CaixaBank presently has an average rating of “Hold”.

CaixaBank Trading Up 0.2%

OTCMKTS:CAIXY opened at $4.97 on Monday. The business’s 50-day simple moving average is $4.77 and its 200-day simple moving average is $4.35. CaixaBank has a fifty-two week low of $3.20 and a fifty-two week high of $5.05.

CaixaBank Company Profile

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.