CaixaBank (OTCMKTS:CAIXY) Raised to “Hold” at Zacks Investment Research

CaixaBank (OTCMKTS:CAIXYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, 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. “

CAIXY has been the subject of several other research reports. JPMorgan Chase & Co. upped their target price on shares of CaixaBank from €2.95 ($3.14) to €3.75 ($3.99) in a research note on Thursday. UBS Group upgraded shares of CaixaBank from a “neutral” rating to a “buy” rating in a research note on Friday, February 18th. Credit Suisse Group upgraded shares of CaixaBank from a “neutral” rating to an “outperform” rating in a research note on Friday, April 1st. Morgan Stanley upped their target price on shares of CaixaBank from €3.40 ($3.62) to €4.20 ($4.47) and gave the stock an “overweight” rating in a research note on Tuesday, February 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of CaixaBank from €2.90 ($3.09) to €3.30 ($3.51) in a research report on Thursday, March 31st. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $3.66.

CAIXY traded up $0.04 during trading on Monday, hitting $1.09. 1,137,214 shares of the company’s stock were exchanged, compared to its average volume of 683,625. The business’s 50 day moving average is $1.07 and its two-hundred day moving average is $1.02. CaixaBank has a fifty-two week low of $0.79 and a fifty-two week 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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