CaixaBank (OTCMKTS:CAIXY) Stock Rating Lowered by Keefe, Bruyette & Woods

CaixaBank (OTCMKTS:CAIXY) was downgraded by equities researchers at Keefe, Bruyette & Woods from a “hold” rating to a “moderate sell” rating in a report issued on Monday,Zacks.com reports.

Several other research firms have also recently commented on CAIXY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of CaixaBank in a research note on Tuesday, August 4th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of CaixaBank in a research note on Friday, May 1st. Finally, Citigroup reissued a “buy” rating on shares of CaixaBank in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

CaixaBank Trading Up 0.2%

OTCMKTS:CAIXY opened at $4.97 on Monday. The firm’s fifty day moving average price is $4.77 and its 200 day moving average price is $4.35. CaixaBank has a 1-year low of $3.20 and a 1-year high of $5.05.

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.