CaixaBank (OTCMKTS:CAIXY) Shares Pass Above Fifty Day Moving Average - Here's Why

Key Points

• CaixaBank's share price recently surpassed its 50-day moving average of $3.32, reaching a high of $3.53 during trading.
• Analysts have mixed ratings on CaixaBank, with one Buy, four Hold, and one Sell rating, leading to an average rating of "Hold".
• The company's current two-hundred day moving average is $2.92, indicating recent positive stock performance.

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.32 and traded as high as $3.53. CaixaBank shares last traded at $3.48, with a volume of 247,879 shares trading hands.

Analysts Set New Price Targets

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

CaixaBank Stock Performance

The stock has a 50-day moving average price of $3.32 and a two-hundred day moving average price of $2.92.

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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