Grupo Financiero Galicia (NASDAQ:GGAL) was downgraded by Zacks from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday.

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. “

Grupo Financiero Galicia (NASDAQ:GGAL) traded down 1.77% during mid-day trading on Tuesday, hitting $21.14. The stock had a trading volume of 321,850 shares. Grupo Financiero Galicia has a 52-week low of $10.33 and a 52-week high of $26.13. The stock’s 50-day moving average is $22. and its 200-day moving average is $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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