CaixaBank (OTCMKTS:CAIXY) Shares Climb 11.8% – What’s Next?

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) was up 11.8% on Wednesday. The company traded as high as $4.96 and last traded at $4.75. Approximately 38,120 shares were traded during trading, a decline of 91% from the average daily volume of 418,062 shares. The stock had previously closed at $4.25.

Analysts Set New Price Targets

Several research firms recently weighed in on CAIXY. UBS Group upgraded CaixaBank from a “hold” rating to a “buy” rating in a report on Wednesday, September 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of CaixaBank in a report on Tuesday, August 4th. Keefe, Bruyette & Woods downgraded shares of CaixaBank from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 17th. Finally, Citigroup restated a “buy” rating on shares of CaixaBank in a report on Monday, October 5th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

CaixaBank Price Performance

The stock has a 50-day moving average price of $4.65 and a two-hundred day moving average price of $4.44.

CaixaBank Company Profile

CaixaBank is a Spanish financial services group that provides retail, commercial and corporate banking to individuals, businesses and institutions. Its services include deposits, loans, mortgages, payment services, wealth management and insurance, offered through branch, digital and other channels.

The bank is headquartered in Valencia and serves customers primarily in Spain. Its international operations include Banco BPI, a banking subsidiary in Portugal.

CaixaBank was established in 2011 as part of the restructuring of the financial activities of La Caixa, a savings bank with roots dating to 1904.