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

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) reached a new 52-week high during trading on Tuesday . The stock 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.

Wall Street Analyst Weigh In

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

CaixaBank Stock Up 1.8%

The stock’s 50 day moving average is $3.92 and its 200 day moving average is $3.54.

CaixaBank Company Profile

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.