CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) Given Average Recommendation of “Hold” by Brokerages

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company.

Several research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CaixaBank in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of CaixaBank in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CaixaBank in a report on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods cut shares of CaixaBank from a “hold” rating to a “moderate sell” rating in a report on Monday.

CaixaBank Price Performance

OTCMKTS:CAIXY opened at $4.97 on Wednesday. CaixaBank has a 12 month low of $3.20 and a 12 month high of $5.05. The business’s fifty day moving average price is $4.77 and its 200 day moving average price is $4.35.

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.