Bankinter (OTCMKTS:BKNIY) Lowered to Hold at Zacks Investment Research

Bankinter (OTCMKTS:BKNIY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “Bankinter is in the financial services industry. They are a banking entity subject to the supervision of the Bank of Spain and the Spanish National Securities Market Commission. Their products range from: Current Accounts, Term Deposits, Investment Funds, Pension Plans, Model Portfolios,Insurance Credit and Debit Cards, Assets (Mortgage and pledged loans) and Deposits of Securities. “

BKNIY has been the topic of several other research reports. UBS Group restated a “neutral” rating on shares of Bankinter in a research note on Friday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Bankinter in a research report on Friday, October 22nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.26.

Shares of Bankinter stock traded down $0.28 during midday trading on Thursday, hitting $5.24. The company had a trading volume of 451 shares, compared to its average volume of 2,777. The company has a 50 day moving average of $5.72 and a 200 day moving average of $5.68. Bankinter has a 52-week low of $4.82 and a 52-week high of $9.67.

Bankinter Company Profile

Bankinter SA engages in the provision of banking and financial services. It operates through the following segments: Commercial Banking, Corporate and SME Banking, Consumer Finance, Insurance Services and Other Business. The company was founded in June 1965 and is headquartered in Mardrid, Spain.

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