Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Cross Above 50 Day Moving Average – What’s Next?

Raiffeisen Bank International AG (OTCMKTS:RAIFY) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.67 and traded as high as $12.95. Raiffeisen Bank International shares last traded at $12.7925, with a volume of 2,481 shares trading hands.

Wall Street Analysts Forecast Growth

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

Raiffeisen Bank International Stock Up 2.1%

The stock has a fifty day moving average price of $11.67 and a two-hundred day moving average price of $9.90. The company has a market cap of $16.83 billion, a price-to-earnings ratio of 18.02 and a beta of 1.10.

Raiffeisen Bank International Company Profile

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.