CaixaBank (OTCMKTS:CAIXY) Reaches New 12-Month High – Still a Buy?

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) shares hit a new 52-week high on Thursday . The company traded as high as $5.18 and last traded at $5.18, with a volume of 22376 shares. The stock had previously closed at $4.99.

Analyst Ratings Changes

CAIXY has been the subject of a number of analyst reports. Citigroup reaffirmed a “buy” rating on shares of CaixaBank in a research note on Thursday, July 9th. Keefe, Bruyette & Woods downgraded CaixaBank from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CaixaBank in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, CaixaBank presently has a consensus rating of “Hold”.

CaixaBank Stock Down 0.4%

The firm’s fifty day simple moving average is $4.88 and its 200-day simple moving average is $4.42.

About CaixaBank

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.