CaixaBank (OTCMKTS:CAIXY) Downgraded by Zacks Investment Research

CaixaBank (OTCMKTS:CAIXYGet 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, “CaixaBank S.A. provides banking and financial products. The company’s business segments include Banking and insurance division provides financial services for individual customers, including retail, private and personal banking, business customers, such as commercial and corporate banking, cash management and markets solutions, as well as offers insurance products. The Investments division includes investments. CaixaBank S.A. is based in Valencia, Spain. “

A number of other equities analysts also recently issued reports on CAIXY. Oddo Bhf downgraded CaixaBank from an “outperform” rating to a “neutral” rating and set a €3.40 ($3.66) price target on the stock. in a research report on Friday, March 25th. Citigroup upgraded CaixaBank from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 8th. JPMorgan Chase & Co. increased their price target on CaixaBank from €2.65 ($2.85) to €2.95 ($3.17) and gave the stock a “neutral” rating in a research report on Thursday, April 7th. UBS Group upgraded CaixaBank from a “neutral” rating to a “buy” rating in a research report on Friday, February 18th. Finally, Jefferies Financial Group downgraded CaixaBank from a “buy” rating to a “hold” rating in a research report on Monday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.46.

CAIXY stock traded down $0.07 during mid-day trading on Tuesday, reaching $0.99. 319,345 shares of the company’s stock were exchanged, compared to its average volume of 722,620. The stock’s 50 day moving average is $1.09 and its 200 day moving average is $1.01. CaixaBank has a 12-month low of $0.79 and a 12-month high of $1.28.

About CaixaBank (Get Rating)

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.

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