Bankinter (OTCMKTS:BKNIY) Stock Rating Lowered by Zacks Investment Research

Bankinter (OTCMKTS:BKNIYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

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. “

Separately, Barclays raised Bankinter from an “underweight” rating to an “equal weight” rating in a report on Tuesday, March 29th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Bankinter currently has an average rating of “Hold” and a consensus target price of $5.30.

Shares of Bankinter stock traded up $0.10 during mid-day trading on Tuesday, reaching $5.93. 239 shares of the stock traded hands, compared to its average volume of 5,302. The business has a 50-day moving average of $5.72 and a 200 day moving average of $5.54. Bankinter has a fifty-two week low of $4.79 and a fifty-two week high of $9.67.

Bankinter Company Profile (Get Rating)

Bankinter, SA provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain. It offers salary, non-salary, professional, basic, currency, pension, business, and current accounts, as well as deposit products; and mortgages and loan products, as well as financing services.

Further Reading

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Analyst Recommendations for Bankinter (OTCMKTS:BKNIY)

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