CaixaBank (OTCMKTS:CAIXY) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.88 and traded as high as $4.1099. CaixaBank shares last traded at $4.05, with a volume of 364,276 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CaixaBank in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of CaixaBank in a research report on Thursday, December 4th. The Goldman Sachs Group raised CaixaBank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Finally, Citigroup restated a “buy” rating on shares of CaixaBank in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

CaixaBank Trading Down 1.2%

The company’s fifty day moving average is $3.88 and its two-hundred day moving average is $3.51.

CaixaBank Company Profile

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.