CaixaBank (OTCMKTS:CAIXY) Hits New 52-Week High – Still a Buy?

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) reached a new 52-week high on Wednesday . The stock traded as high as $4.2365 and last traded at $4.1150, with a volume of 131936 shares traded. The stock had previously closed at $4.00.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. The Goldman Sachs Group raised shares of CaixaBank from a “sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CaixaBank in a research report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of CaixaBank in a report on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

CaixaBank Price Performance

The company’s fifty day moving average is $3.66 and its 200 day moving average is $3.34.

About CaixaBank

CaixaBank (OTCMKTS: CAIXY) is a major Spanish banking group that provides a broad range of financial products and services to retail, corporate and institutional clients. The company’s operations encompass traditional banking activities such as deposit-taking, consumer and mortgage lending, payment and card services, and corporate banking, alongside wealth management, private banking, insurance and asset-management businesses. CaixaBank also offers investment-banking-related services and specialized financing solutions including leasing, factoring and trade finance through its group structure and subsidiaries.

The bank traces its origins to the Catalan savings bank “la Caixa” and has evolved into a commercial banking group through organic growth and strategic acquisitions.