CaixaBank (OTCMKTS:CAIXY) Shares Cross Above 50 Day Moving Average – Here’s Why

CaixaBank, S.A. Unsponsored ADR (OTCMKTS:CAIXY) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.64 and traded as high as $4.06. CaixaBank shares last traded at $4.06, with a volume of 267,482 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on CAIXY shares. The Goldman Sachs Group raised shares of CaixaBank from a “sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Royal Bank Of Canada reissued a “sector perform” rating on shares of CaixaBank in a research note on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of CaixaBank in a research report on Thursday, December 4th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

CaixaBank Stock Performance

The firm’s 50-day moving average is $3.65 and its 200 day moving average is $3.34.

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.