CaixaBank (OTCMKTS:CAIXY) Hits New 1-Year High – Here’s What Happened

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY)’s share price reached a new 52-week high on Monday . The stock traded as high as $4.4562 and last traded at $4.4450, with a volume of 261869 shares traded. The stock had previously closed at $4.41.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CAIXY shares. Citigroup reaffirmed a “buy” rating on shares of CaixaBank in a report on Thursday, January 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of CaixaBank in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of CaixaBank in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

CaixaBank Price Performance

The company has a 50 day simple moving average of $4.03 and a 200-day simple moving average of $3.61.

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.