CaixaBank (OTCMKTS:CAIXY) Reaches New 1-Year High - Still a Buy?

Key Points

• CaixaBank reached a new 52-week high of $3.52 during trading, closing at $3.51 with a trading volume of 27,126 shares.
• Equity analysts show mixed sentiments: one has a Buy rating, four have Hold ratings, and one rates it as a Sell, resulting in a consensus rating of "Hold".
• The company operates various banking segments and provides a range of financial services both in Spain and internationally.

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $3.52 and last traded at $3.51, with a volume of 27126 shares trading hands. The stock had previously closed at $3.48.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of CaixaBank in a research report on Friday, August 8th. The Goldman Sachs Group raised CaixaBank from a "sell" rating to a "hold" rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold".

CaixaBank Stock Performance

The firm has a 50-day simple moving average of $3.37 and a two-hundred day simple moving average of $2.97.

CaixaBank Company Profile

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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