CaixaBank (OTCMKTS:CAIXY) Reaches New 1-Year High - Here's Why

Key Points

• CaixaBank's stock has reached a new 12-month high of $3.10, with recent trading volume at 16,343 shares.
• Analyst ratings are mixed, with one sell rating, three hold ratings, and one buy rating, leading to an average rating of "Hold."
• CaixaBank offers a variety of banking and financial services both in Spain and internationally through several operational segments.

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $3.10 and last traded at $3.10, with a volume of 16343 shares trading hands. The stock had previously closed at $3.07.

Analyst Upgrades and Downgrades

CAIXY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of CaixaBank in a research note on Thursday, May 22nd. Citigroup reiterated a "buy" rating on shares of CaixaBank in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

CaixaBank Stock Down 0.6%

The stock has a 50 day simple moving average of $2.87 and a two-hundred day simple moving average of $2.55.

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.