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CaixaBank (OTCMKTS:CAIXY) Reaches New 52-Week High - Still a Buy?

CaixaBank logo with Finance background

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $2.98 and last traded at $2.98, with a volume of 636 shares changing hands. The stock had previously closed at $2.93.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CAIXY. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of CaixaBank in a report on Thursday, May 22nd. Citigroup reissued a "buy" rating on shares of CaixaBank in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, CaixaBank has an average rating of "Hold".

Get Our Latest Stock Report on CAIXY

CaixaBank Stock Performance

The company has a 50-day simple moving average of $2.80 and a two-hundred day simple moving average of $2.43.

About CaixaBank

(Get Free Report)

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.

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