CaixaBank (OTCMKTS:CAIXY) Lowered to “Neutral” at Credit Suisse Group

CaixaBank (OTCMKTS:CAIXY) was downgraded by equities researchers at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a report released on Friday, The Fly reports.

CAIXY has been the topic of several other research reports. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of CaixaBank in a research note on Friday, March 26th. Societe Generale upgraded shares of CaixaBank from a “hold” rating to a “buy” rating in a research note on Tuesday, January 19th. Morgan Stanley assumed coverage on shares of CaixaBank in a research note on Wednesday, April 7th. They set an “overweight” rating on the stock. Citigroup restated a “neutral” rating on shares of CaixaBank in a research note on Wednesday, January 27th. Finally, UBS Group cut shares of CaixaBank from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 20th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold”.

Shares of OTCMKTS:CAIXY opened at $1.01 on Friday. The firm’s 50 day moving average price is $1.01 and its 200-day moving average price is $0.87. CaixaBank has a twelve month low of $0.47 and a twelve month high of $1.07.

About CaixaBank

CaixaBank, SA, together with its subsidiaries, provides banking and financial products and services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It offers retail, corporate, and institutional banking, as well as cash management and market services.

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Analyst Recommendations for CaixaBank (OTCMKTS:CAIXY)

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