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CaixaBank (OTCMKTS: CAIXYGet a rating) has been upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday, Zacks.com reports.

According to Zacks, “CaixaBank SA provides banking and financial products. The Company’s segments include Banking and Insurance division which provides financial services to individuals, including retail banking, private and personal banking, professional clients, such as commercial and corporate banking, cash management and market solutions, as well as insurance products. The Investments division includes investments. CaixaBank SA is based in Valencia, Spain. “

CAIXY has been the subject of several other research reports. JPMorgan Chase & Co. raised its price target on CaixaBank shares from €2.95 ($3.14) to €3.75 ($3.99) in a research note on Thursday. UBS Group upgraded CaixaBank shares from a “neutral” rating to a “buy” rating in a Friday, February 18 research note. Credit Suisse Group upgraded CaixaBank shares from a “neutral” rating to an “outperforming” rating in a Friday, April 1 research note. Morgan Stanley raised its price target on CaixaBank shares from €3.40 ($3.62) to €4.20 ($4.47) and gave the stock an “overweight” rating in a research note of Tuesday, February 15. Finally, Deutsche Bank Aktiengesellschaft raised its price target on CaixaBank shares from €2.90 ($3.09) to €3.30 ($3.51) in a Thursday, March 31 research report. Five equity research analysts gave the stock a hold rating and six gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $3.66.

CAIXY traded at $0.04 during Monday’s trading, reaching $1.09. 1,137,214 shares of the company were traded, against an average volume of 683,625. The company’s 50-day moving average is $1.07 and its two-hundred-day moving average is $1.02. CaixaBank has a fifty-two week minimum of $0.79 and a fifty-two week maximum of $1.28.

About CaixaBank (Get a rating)

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and abroad. The Company operates through the Banking and Insurance, Participations and BPI segments. It also provides solutions related to security, protection, internationalization and financing; traditional financial advice, independent advice and brokerage services; asset Management; cash management; capital markets, cash management, project finance, asset finance and mergers and acquisitions services; and various financial services and solutions to public and private sector institutions, as well as the distribution of non-life and life insurance policies; and private banking.

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Analyst recommendations for CaixaBank (OTCMKTS: CAIXY)



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