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Zacks downgraded shares of Grupo Financiero Galicia (NASDAQ:GGAL) from a strong-buy rating to a hold rating in a research note released on Tuesday morning.
Zacks’ analyst wrote, “Grupo Financiero Galicia SA. is involved in the Financial Services Industry. Their principal activity is to continue to be a financial and investment services holding company and to fulfill the banking services activities of Banco Galicia. “
Zacks has also modified their ratings on a number of other financials stocks in the few days. The firm upgraded shares of Reed Elsevier NV from a sell rating to a hold rating. Also, Zacks upgraded shares of Dassault Systemes S.A. from a sell rating to a hold rating. Finally, Zacks downgraded shares of AngloGold Ashanti Limited from a buy rating to a hold rating.
Grupo Financiero Galicia (NASDAQ:GGAL) traded down 1.77% on Tuesday, hitting $21.14. 321,850 shares of the company’s stock traded hands. Grupo Financiero Galicia has a one year low of $10.33 and a one year high of $26.13. The stock has a 50-day moving average of $22. and a 200-day moving average of $19.. The company has a market cap of $2.75 billion and a price-to-earnings ratio of 7.37.
Grupo Financiero Galicia (NASDAQ:GGAL) last posted its quarterly earnings results on Tuesday, March 10th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.18. Analysts expect that Grupo Financiero Galicia will post $2.63 EPS for the current fiscal year.
Grupo Financiero Galicia SA (NASDAQ:GGAL) is a financial services holding company. Banco de Galicia y Buenos Aires SA (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a range of financial products and services to large corporations, small and medium sized companies (SMEs), and individuals.
To get a free copy of the research report on Grupo Financiero Galicia (GGAL), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com
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