ValuEngine Upgrades Grupo Financiero Galicia (NASDAQ:GGAL) to “Sell”

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Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Wednesday, ValuEngine reports.

GGAL has been the topic of several other research reports. BidaskClub upgraded shares of Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Friday, May 24th. Zacks Investment Research cut shares of Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 19th. Bank of America cut shares of Grupo Financiero Galicia from a “neutral” rating to an “underperform” rating in a research note on Thursday, February 21st. Finally, JPMorgan Chase & Co. cut shares of Grupo Financiero Galicia from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $28.00 to $20.00 in a research note on Monday, April 29th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.00.

Shares of NASDAQ GGAL opened at $34.05 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 1.15 and a debt-to-equity ratio of 0.80. The stock has a market cap of $4.94 billion, a PE ratio of 8.11, a P/E/G ratio of 0.63 and a beta of 0.54. Grupo Financiero Galicia has a 52-week low of $18.30 and a 52-week high of $45.23.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GGAL. FNY Investment Advisers LLC bought a new stake in Grupo Financiero Galicia during the 1st quarter worth approximately $127,000. NumerixS Investment Technologies Inc bought a new stake in Grupo Financiero Galicia during the 4th quarter worth approximately $143,000. Exane Derivatives raised its stake in Grupo Financiero Galicia by 13.2% during the 1st quarter. Exane Derivatives now owns 6,439 shares of the bank’s stock worth $164,000 after acquiring an additional 753 shares during the period. Bank of America Corp DE raised its stake in Grupo Financiero Galicia by 60.2% during the 4th quarter. Bank of America Corp DE now owns 6,665 shares of the bank’s stock worth $184,000 after acquiring an additional 2,504 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in Grupo Financiero Galicia during the 1st quarter worth approximately $219,000. Institutional investors own 25.82% of the company’s stock.

About Grupo Financiero Galicia

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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