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Shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) have been given a consensus broker rating score of 2.67 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Grupo Financiero Galicia’s rating score has declined by 18.7% from three months ago as a result of a number of analysts’ ratings changes.

Brokerages have set a 1 year consensus price objective of $37.00 for the company and are predicting that the company will post $0.67 earnings per share for the current quarter, according to Zacks. Zacks has also given Grupo Financiero Galicia an industry rank of 195 out of 265 based on the ratings given to related companies.

A hedge fund recently bought a new stake in Grupo Financiero Galicia stock. EQIS Capital Management acquired a new stake in Grupo Financiero Galicia S.A. (NASDAQ:GGAL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The hedge fund acquired 9,588 shares of the company’s stock, valued at approximately $260,000.

Separately, Zacks Investment Research downgraded Grupo Financiero Galicia from a “strong-buy” rating to a “hold” rating in a report on Wednesday.

Shares of Grupo Financiero Galicia (NASDAQ:GGAL) opened at 25.94 on Monday. The stock has a market cap of $3.37 billion and a PE ratio of 11.42. The stock’s 50 day moving average price is $25.29 and its 200 day moving average price is $22.17. Grupo Financiero Galicia has a 1-year low of $15.30 and a 1-year high of $29.25.

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (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. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company wholly owned by the Bank, the Company provides brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiaries (Sudamericana) it provides insurance products in Argentina. It provides financial services through a distribution platform amongst private-sector financial institutions in Argentina.

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This story was originally published by Corvus Business Newswire (http://corvuswire.com) and is the sole property of Corvus Business Newswire. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://corvuswire.com/2016/01/23/zacks-grupo-financiero-galicia-s-a-nasdaqggal-receives-average-recommendation-of-hold-from-brokerages/765991/

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