Bankinter SA (OTCMKTS:BKNIY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage currently has a $11.00 target price on the bank’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 16.53% from the company’s current price.

According to Zacks, “Bankinter is in the financial services industry. They are a banking entity subject to the supervision of the Bank of Spain and the Spanish National Securities Market Commission. Their products range from: Current Accounts, Term Deposits, Investment Funds, Pension Plans, Model Portfolios,Insurance Credit and Debit Cards, Assets (Mortgage and pledged loans) and Deposits of Securities. “

Shares of Bankinter SA (BKNIY) opened at 9.44 on Tuesday. The firm has a 50-day moving average price of $9.57 and a 200-day moving average price of $8.79. Bankinter SA has a 1-year low of $6.69 and a 1-year high of $9.82. The stock has a market capitalization of $8.49 billion, a PE ratio of 16.45 and a beta of 1.44.

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About Bankinter SA

Bankinter SA is a Spain-based financial institution (the Bank) primarily engaged in the banking sector. The Bank’s activities are divided into four business segments: Commercial banking, which offers current accounts, fixed-term deposits, investment management and advisory, as well as mortgage loans, among others, to individual customers; Corporate banking, which provides financial services to small and medium-sized companies, corporations and government bodies; Consumer finance, which focuses on personal loans and credit card services through Bankinter Consumer Finance EFC, and Other, which includes online savings accounts, among others.

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