Bankinter (OTCMKTS:BKNIY) Rating Increased to Buy at UBS Group

Bankinter (OTCMKTS:BKNIYGet Rating) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Friday, The Fly reports.

Several other analysts also recently commented on BKNIY. JPMorgan Chase & Co. raised their target price on shares of Bankinter from €5.50 ($5.73) to €6.10 ($6.35) and gave the stock a “neutral” rating in a report on Thursday, May 19th. Barclays upgraded shares of Bankinter from an “underweight” rating to an “equal weight” rating in a report on Tuesday, March 29th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.27.

Shares of OTCMKTS:BKNIY opened at $6.03 on Friday. The firm’s 50 day simple moving average is $5.92 and its 200 day simple moving average is $5.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.54. Bankinter has a fifty-two week low of $4.79 and a fifty-two week high of $6.54.

Bankinter (OTCMKTS:BKNIYGet Rating) last announced its quarterly earnings results on Thursday, April 21st. The bank reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $523.63 million for the quarter, compared to the consensus estimate of $539.45 million. Bankinter had a net margin of 57.49% and a return on equity of 8.83%. Sell-side analysts predict that Bankinter will post 0.55 EPS for the current year.

Bankinter Company Profile (Get Rating)

Bankinter, SA provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain. It offers salary, non-salary, professional, basic, currency, pension, business, and current accounts, as well as deposit products; and mortgages and loan products, as well as financing services.

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