StockNews.com Downgrades Banco BBVA Argentina (NYSE:BBAR) to Hold

Banco BBVA Argentina (NYSE:BBAR) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Separately, Morgan Stanley upgraded 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.

Banco BBVA Argentina Trading Up 1.0 %

Shares of Banco BBVA Argentina stock opened at $18.48 on Tuesday. The company has a market capitalization of $3.77 billion, a P/E ratio of 9.63 and a beta of 1.49. The stock has a fifty day simple moving average of $15.56 and a 200 day simple moving average of $11.94. Banco BBVA Argentina has a 12-month low of $4.63 and a 12-month 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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in Banco BBVA Argentina during the 3rd quarter valued at about $136,000. Truist Financial Corp bought a new position in shares of Banco BBVA Argentina in the second quarter valued at approximately $167,000. GSA Capital Partners LLP purchased a new position in Banco BBVA Argentina during the third quarter valued at approximately $237,000. SG Americas Securities LLC bought a new stake in Banco BBVA Argentina during the 3rd quarter worth approximately $246,000. Finally, Channing Global Advisors LLC purchased a new stake in Banco BBVA Argentina in the 3rd quarter worth approximately $247,000.

Banco BBVA Argentina Company Profile

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.