CaixaBank (OTCMKTS:CAIXY) Cut to “Moderate Sell” at Keefe, Bruyette & Woods

CaixaBank (OTCMKTS:CAIXY) was downgraded by research analysts at Keefe, Bruyette & Woods from a “hold” rating to a “moderate sell” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also commented on CAIXY. Citigroup reiterated a “buy” rating on shares of CaixaBank in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of CaixaBank in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of CaixaBank in a report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CaixaBank has an average rating of “Hold”.

CaixaBank Trading Up 0.2%

Shares of CAIXY opened at $4.97 on Monday. CaixaBank has a 1 year low of $3.20 and a 1 year high of $5.05. The stock has a 50-day simple moving average of $4.77 and a 200-day simple moving average of $4.35.

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.