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

Key Points

• CaixaBank reached a new **52-week high** at **$3.52**, with a last traded price of **$3.51** and a trading volume of **13,166 shares**.
• Brokerages have mixed opinions on CaixaBank, with **one buy rating**, **four hold ratings**, and **one sell rating**, leading to an average rating of **"Hold."**
• The company operates through various segments, providing **banking products and financial services** both in Spain and internationally.

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $3.52 and last traded at $3.51, with a volume of 13166 shares traded. The stock had previously closed at $3.48.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CAIXY. The Goldman Sachs Group upgraded CaixaBank from a "sell" rating to a "hold" rating in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of CaixaBank in a research note on Friday, August 8th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold".

CaixaBank Price Performance

The stock has a fifty day moving average price of $3.30 and a two-hundred day moving average price of $2.91.

About CaixaBank

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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