Bankinter (OTCMKTS:BKNIY) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Bankinter (OTCMKTS:BKNIY) from a hold rating to a strong sell rating in a research report sent to investors on Monday,Zacks reports.

A number of other research firms have also recently issued reports on BKNIY. Jefferies Financial Group upgraded shares of Bankinter from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Royal Bank Of Canada restated an “outperform” rating on shares of Bankinter in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Bankinter currently has an average rating of “Hold”.

Bankinter Trading Up 0.3%

Shares of Bankinter stock opened at $16.64 on Monday. Bankinter has a 12-month low of $14.74 and a 12-month high of $20.07. The stock has a market capitalization of $14.95 billion, a P/E ratio of 11.16 and a beta of -0.09. The company has a 50-day simple moving average of $17.77 and a 200 day simple moving average of $17.23. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.54.

Bankinter (OTCMKTS:BKNIY) last issued its quarterly earnings data on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The firm had revenue of $890.20 million for the quarter, compared to analysts’ expectations of $906.80 million. Bankinter had a net margin of 24.51% and a return on equity of 17.89%. Research analysts expect that Bankinter will post 1.44 earnings per share for the current fiscal year.

Bankinter Company Profile

Bankinter is a Spanish banking group headquartered in Madrid. Founded in 1965 as Banco Intercontinental Español, it began as an industrial bank before expanding into commercial banking and other financial services. The company serves individual customers, businesses and institutional clients through retail, corporate and private banking. Its services include deposits, loans, mortgages, payment and investment products, and consumer finance. Bankinter operates primarily in Spain and also serves customers in Portugal and Ireland.