StockNews.com downgraded shares of Banco BBVA Argentina (NYSE:BBAR - Free Report) from a buy rating to a hold rating in a report released on Tuesday.
Separately, Morgan Stanley raised shares of Banco BBVA Argentina from an "underweight" rating to an "overweight" rating and set a $27.00 target price for the company in a research note on Monday, December 16th.
Check Out Our Latest Report on BBAR
Banco BBVA Argentina Trading Up 5.3 %
NYSE:BBAR traded up $0.98 on Tuesday, reaching $19.46. 348,597 shares of the stock traded hands, compared to its average volume of 872,710. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 10.14 and a beta of 1.49. Banco BBVA Argentina has a 1-year low of $4.63 and a 1-year high of $19.98. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The company's 50 day moving average is $15.71 and its 200-day moving average is $12.01.
Institutional Investors Weigh In On Banco BBVA Argentina
Several hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Banco BBVA Argentina during the third quarter worth about $136,000. Truist Financial Corp bought a new stake in Banco BBVA Argentina during the 2nd quarter worth approximately $167,000. GSA Capital Partners LLP purchased a new stake in shares of Banco BBVA Argentina in the third quarter worth approximately $237,000. SG Americas Securities LLC bought a new position in shares of Banco BBVA Argentina in the third quarter valued at approximately $246,000. Finally, Channing Global Advisors LLC purchased a new position in shares of Banco BBVA Argentina during the third quarter valued at approximately $247,000.
About Banco BBVA Argentina
(
Get Free Report)
Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.
See Also
Before you consider Banco BBVA Argentina, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco BBVA Argentina wasn't on the list.
While Banco BBVA Argentina currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
