Bankinter (OTCMKTS:BKNIY) downgraded to Hold at Zacks Investment Research

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Bankinter (OTCMKTS:BKNIY – Get a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Bankinter is in the financial services sector. It is a banking entity subject to the supervision of the Bank of Spain and the Spanish National Securities Market Commission. Their products range from: accounts Current Deposits, Term Deposits, Investment Funds, Pension Funds Plans, Model Portfolios, Insurance Credit and Debit Cards, Assets (Mortgages and Pledged Loans) and Securities Deposits.”

Several other stock analysts have also recently published reports on BKNIY. JPMorgan Chase & Co. raised its price target on Bankinter shares from €5.50 ($5.85) to €6.10 ($6.49) and gave the company a “neutral” rating in a research note from Thursday, May 19. Barclays upgraded Bankinter’s shares from an “underweight” rating to an “equal weight” rating in a Tuesday, March 29 research note. One analyst assigned the stock a sell rating, nine assigned a hold rating and one assigned the company’s stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.52.

OTCMKTS: BKNIY was down $0.16 during Friday trading hours, hitting $6.34. The company’s stock had a trading volume of 135 shares, compared to an average trading volume of 37,892. The stock has a fifty-day moving average of $5.85 and a 200-day moving average of $5.57. The company has a debt ratio of 1.54, a quick ratio of 1.04 and a current ratio of 1.04. Bankinter has a 52-week minimum of $4.79 and a 52-week maximum of $6.50.

Bankinter company profile (Get a rating)

Bankinter, SA provides various banking products and services to individuals and businesses, as well as small and medium-sized businesses in Spain. It offers salary, non-salary, business, basic, foreign currency, retirement, business and current accounts, as well as deposit products; and mortgage and loan products and financing services.

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Analyst recommendations for Bankinter (OTCMKTS: BKNIY)

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