Grupo Financiero Galicia (GGAL) Upgraded to “Sell” at ValuEngine

Grupo Financiero Galicia (NASDAQ:GGAL) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday.

A number of other analysts also recently commented on GGAL. BidaskClub raised shares of Grupo Financiero Galicia from a “strong sell” rating to a “sell” rating in a report on Monday, November 19th. Zacks Investment Research raised shares of Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, Bank of America cut shares of Grupo Financiero Galicia from a “neutral” rating to an “underperform” rating in a research report on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Grupo Financiero Galicia presently has a consensus rating of “Hold” and a consensus target price of $32.00.

GGAL stock opened at $28.93 on Tuesday. Grupo Financiero Galicia has a 52 week low of $18.30 and a 52 week high of $68.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.19 and a quick ratio of 1.19.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Grupo Financiero Galicia by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 43,422 shares of the bank’s stock worth $1,197,000 after acquiring an additional 430 shares during the last quarter. Commonwealth Bank of Australia raised its position in Grupo Financiero Galicia by 17.6% during the fourth quarter. Commonwealth Bank of Australia now owns 9,283 shares of the bank’s stock worth $255,000 after acquiring an additional 1,386 shares during the last quarter. Bank of America Corp DE raised its position in Grupo Financiero Galicia by 60.2% during the fourth 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 last quarter. Quantamental Technologies LLC acquired a new position in Grupo Financiero Galicia during the fourth quarter worth about $72,000. Finally, Tower Research Capital LLC TRC raised its position in Grupo Financiero Galicia by 71.1% during the third quarter. Tower Research Capital LLC TRC now owns 6,368 shares of the bank’s stock worth $162,000 after acquiring an additional 2,646 shares during the last quarter. Institutional investors own 25.02% of the company’s stock.

Grupo Financiero Galicia Company Profile

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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