Raiffeisen Bank International (OTCMKTS:RAIFY) Trading 7.4% Higher – Here’s What Happened

Shares of Raiffeisen Bank International AG (OTCMKTS:RAIFYGet Free Report) shot up 7.4% on Friday . The company traded as high as $11.65 and last traded at $11.65. 2,614 shares traded hands during trading, a decline of 78% from the average session volume of 12,051 shares. The stock had previously closed at $10.85.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Raiffeisen Bank International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Get Our Latest Stock Analysis on Raiffeisen Bank International

Raiffeisen Bank International Stock Up 0.8%

The stock’s fifty day simple moving average is $11.83 and its 200-day simple moving average is $10.33. The company has a market capitalization of $14.39 billion, a PE ratio of 10.13 and a beta of 1.10.

Raiffeisen Bank International (OTCMKTS:RAIFYGet Free Report) last released its quarterly earnings results on Monday, March 2nd. The financial services provider reported $0.37 earnings per share for the quarter. Raiffeisen Bank International had a return on equity of 6.19% and a net margin of 10.91%.The business had revenue of $2.63 billion for the quarter.

Raiffeisen Bank International Company Profile

(Get Free Report)

Raiffeisen Bank International AG (RBI) is an Austrian banking group headquartered in Vienna, offering a diverse range of financial services. As a universal bank, RBI serves retail customers, small and medium-sized enterprises, and large corporates, with a particular focus on Central and Eastern Europe. The bank’s service portfolio encompasses everyday banking products, payment solutions, and digital services for individual clients, as well as cash management, trade finance, and structured lending for corporate and institutional customers.

In addition to traditional banking, RBI provides investment banking and capital markets services, including underwriting, debt and equity issuance, and advisory services.

Further Reading

Receive News & Ratings for Raiffeisen Bank International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raiffeisen Bank International and related companies with MarketBeat.com's FREE daily email newsletter.