Bankinter (OTCMKTS:BKNIY) Upgraded at Zacks Investment Research

Bankinter (OTCMKTS:BKNIYGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports. The brokerage currently has a $6.75 price objective on the bank’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.50% from the stock’s current price.

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. “

Several other research analysts have also recently commented on BKNIY. Barclays raised Bankinter from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, March 29th. JPMorgan Chase & Co. increased their price objective on Bankinter from €5.50 ($5.85) to €6.10 ($6.49) and gave the company a “neutral” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Bankinter has a consensus rating of “Hold” and an average target price of $5.52.

OTCMKTS:BKNIY traded down $0.04 on Monday, hitting $6.00. 3,117 shares of the company’s stock were exchanged, compared to its average volume of 41,659. The firm has a 50-day moving average price of $5.79 and a 200-day moving average price of $5.55. Bankinter has a 52 week low of $4.79 and a 52 week high of $9.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.54.

About Bankinter (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.

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