Banco BBVA Argentina (NYSE:BBAR) Cut 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 note issued to investors on Tuesday.

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

Banco BBVA Argentina Stock Up 5.3 %

Shares of NYSE:BBAR opened at $19.46 on Tuesday. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 10.14 and a beta of 1.49. 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. The company has a 50-day moving average price of $15.87 and a 200 day moving average price of $12.06.

Institutional Trading of Banco BBVA Argentina

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of Banco BBVA Argentina during the third quarter valued at approximately $136,000. Truist Financial Corp purchased a new position in Banco BBVA Argentina during the 2nd quarter valued at $167,000. GSA Capital Partners LLP bought a new position in Banco BBVA Argentina in the 3rd quarter valued at $237,000. SG Americas Securities LLC purchased a new stake in Banco BBVA Argentina in the third quarter worth $246,000. Finally, Channing Global Advisors LLC bought a new stake in shares of Banco BBVA Argentina during the third quarter worth $247,000.

About Banco BBVA Argentina

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.