CaixaBank (OTCMKTS:CAIXY) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.54 and traded as high as $3.84. CaixaBank shares last traded at $3.79, with a volume of 266,412 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CAIXY. The Goldman Sachs Group raised CaixaBank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of CaixaBank in a report on Thursday, December 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of CaixaBank in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

CaixaBank Price Performance

The firm has a 50-day moving average of $3.54 and a 200 day moving average of $3.25.

About CaixaBank

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.