Raiffeisen Bank International (OTCMKTS:RAIFY) Trading Up 6.1% - Still a Buy?

Key Points

• Shares of Raiffeisen Bank International jumped 6.1% to $11.59 on Thursday, although trading volume was thin—1,855 shares, down about 84% from the average session volume.
• UBS upgraded the stock from "hold" to "strong-buy"; analyst coverage now includes one Strong Buy and one Hold, leaving a MarketBeat average rating of "Buy."
• Key fundamentals: market cap ~$14.01 billion, P/E 9.86; most recent quarter reported $0.37 EPS on $2.63 billion revenue, with a 50-day/200-day moving average of $11.82/$10.40.

Shares of Raiffeisen Bank International AG (OTCMKTS:RAIFY - Get Free Report) shot up 6.1% during trading on Thursday . The company traded as high as $11.59 and last traded at $11.59. 1,855 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 11,617 shares. The stock had previously closed at $10.92.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded Raiffeisen Bank International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy".

Raiffeisen Bank International Stock Performance

The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 9.86 and a beta of 1.10. The company has a 50 day moving average price of $11.82 and a 200 day moving average price of $10.40.

Raiffeisen Bank International (OTCMKTS:RAIFY - Get Free Report) last released its quarterly earnings results on Monday, March 2nd. The financial services provider reported $0.37 earnings per share for the quarter. The business had revenue of $2.63 billion during the quarter. Raiffeisen Bank International had a return on equity of 6.19% and a net margin of 10.91%.

Raiffeisen Bank International Company Profile

Raiffeisen Bank International AG (RBI) is an Austrian banking group headquartered in Vienna, offering a diverse range of financial services. As a universal bank, RBI serves retail customers, small and medium-sized enterprises, and large corporates, with a particular focus on Central and Eastern Europe. The bank's service portfolio encompasses everyday banking products, payment solutions, and digital services for individual clients, as well as cash management, trade finance, and structured lending for corporate and institutional customers.

In addition to traditional banking, RBI provides investment banking and capital markets services, including underwriting, debt and equity issuance, and advisory services.

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