Banco BBVA Argentina (NYSE:BBAR) Rating Lowered to “Hold” at StockNews.com

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

Separately, Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target on the stock in a report on Monday, December 16th.

Banco BBVA Argentina Trading Up 5.3 %

BBAR opened at $19.46 on Tuesday. Banco BBVA Argentina has a one year low of $4.63 and a one year high of $19.98. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.90. The business has a 50 day simple moving average of $15.87 and a two-hundred day simple moving average of $12.06. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 10.14 and a beta of 1.49.

Hedge Funds Weigh In On Banco BBVA Argentina

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