Bankinter (OTCMKTS:BKNIY) Hits New 1-Year High - Still a Buy?

Key Points

• Bankinter's stock recently reached a new 52-week high of $15.94 but traded at $15.44 at the last close, with a total volume of 8,958 shares.
• Several investment firms, including Goldman Sachs, Deutsche Bank, and UBS, have downgraded Bankinter's rating to "hold," indicating a cautious outlook for the stock.
• The company has a market capitalization of $13.88 billion and maintains a strong debt-to-equity ratio of 1.53, reflecting its financial stability.

Bankinter SA (OTCMKTS:BKNIY - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $15.94 and last traded at $15.44, with a volume of 8958 shares trading hands. The stock had previously closed at $15.55.

Wall Street Analysts Forecast Growth

BKNIY has been the topic of several analyst reports. Kepler Capital Markets cut shares of Bankinter from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 5th. The Goldman Sachs Group initiated coverage on shares of Bankinter in a report on Wednesday. They issued a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft cut shares of Bankinter from a "buy" rating to a "hold" rating in a report on Friday, August 8th. UBS Group cut shares of Bankinter from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Finally, Zacks Research downgraded shares of Bankinter from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce".

Bankinter Trading Down 0.7%

The business's 50-day moving average price is $14.97 and its 200-day moving average price is $13.19. The firm has a market capitalization of $13.88 billion, a PE ratio of 12.66 and a beta of 0.19. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.99 and a quick ratio of 0.99.

About Bankinter

Bankinter, SA provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain. It offers payroll, pension, business, salary, non-salary, youth salary, current, currency, professional, basic, and management accounts; deposit products; and mortgages and loan products, as well as financing services.

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