Bankinter (OTCMKTS:BKNIY) Downgraded to Hold at Zacks Investment Research

Bankinter (OTCMKTS:BKNIYGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday, 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. “

Several other research analysts also recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Bankinter from €5.50 ($5.85) to €6.10 ($6.49) and gave the company a “neutral” rating in a research note on Thursday, May 19th. Barclays upgraded Bankinter from an “underweight” rating to an “equal weight” rating in a report on Tuesday, March 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.52.

BKNIY stock traded down $0.16 during midday trading on Friday, reaching $6.34. The company had a trading volume of 135 shares, compared to its average volume of 37,892. The stock has a 50 day moving average price of $5.85 and a 200-day moving average price of $5.57. Bankinter has a 1-year low of $4.79 and a 1-year high of $6.50. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.54.

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.

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