HSBC upgraded shares of CAIXABANK/ADR (OTCMKTS:CAIXY) from a hold rating to a buy rating in a research report sent to investors on Thursday, The Fly reports.
Several other brokerages have also recently weighed in on CAIXY. UBS Group reissued a neutral rating on shares of CAIXABANK/ADR in a research note on Thursday, July 18th. Societe Generale cut CAIXABANK/ADR from a buy rating to a hold rating in a research note on Monday, July 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. CAIXABANK/ADR presently has an average rating of Hold.
Shares of OTCMKTS CAIXY opened at $0.74 on Thursday. The business’s 50 day moving average is $0.83 and its two-hundred day moving average is $0.97. CAIXABANK/ADR has a 1-year low of $0.70 and a 1-year high of $1.65.
CaixaBank, SA, together with its subsidiaries, provides banking and financial products and services in Spain and internationally. The company operates through Banking and Insurance, and Non-Core Real Estate Activity segments. The Banking and Insurance segment engages in the banking business that include retail banking, corporate and institutional, and cash management, and market service activities; insurance business; and asset management business.
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