CaixaBank (OTCMKTS:CAIXY) Sets New 52-Week High – Should You Buy?

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) hit a new 52-week high during trading on Tuesday . The company traded as high as $4.28 and last traded at $4.27, with a volume of 5193 shares changing hands. The stock had previously closed at $4.21.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of CaixaBank in a report on Monday, November 3rd. Citigroup reaffirmed a “buy” rating on shares of CaixaBank in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of CaixaBank in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

CaixaBank Stock Up 1.8%

The firm’s 50-day moving average price is $3.92 and its 200 day moving average price is $3.54.

About CaixaBank

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.