Raiffeisen Bank International (OTCMKTS:RAIFF) Trading 2% Higher – Still a Buy?

Raiffeisen Bank International AG (OTCMKTS:RAIFF)’s stock price rose 2% on Thursday . The stock traded as high as $63.85 and last traded at $63.85. Approximately 100 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 592 shares. The stock had previously closed at $62.60.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Raiffeisen Bank International in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Raiffeisen Bank International Stock Performance

The firm has a 50-day simple moving average of $58.06 and a two-hundred day simple moving average of $50.02.

Raiffeisen Bank International Company Profile

Raiffeisen Bank International (OTCMKTS:RAIFF) is an Austrian banking group headquartered in Vienna, serving as the central and eastern European platform of the Raiffeisen Banking Group. The bank offers a comprehensive suite of financial services to retail, corporate and institutional clients, leveraging its strong regional presence to facilitate trade, investment and day-to-day banking needs.

In its corporate and investment banking division, Raiffeisen Bank International provides lending, trade finance, project financing, cash management and capital markets services.