CaixaBank (OTCMKTS:CAIXY) Sets New 52-Week High - Time to Buy?

Key Points

• CaixaBank's share price reached a new 52-week high of $3.35, reflecting a significant increase from its previous closing price of $3.28.
• The stock has an average rating of "Hold," with one analyst rating it as a buy, while Citigroup and Deutsche Bank have differing views on the stock.
• CaixaBank offers a wide range of banking and financial services both in Spain and internationally, including asset management and insurance solutions.

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $3.35 and last traded at $3.35, with a volume of 52886 shares trading hands. The stock had previously closed at $3.28.

Analyst Upgrades and Downgrades

CAIXY has been the subject of a number of research reports. Citigroup reissued a "buy" rating on shares of CaixaBank in a research report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of CaixaBank in a report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold".

CaixaBank Trading Up 2.1%

The firm's fifty day moving average is $2.94 and its 200 day moving average is $2.63.

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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