Zacks restated their hold rating on shares of Banco Macro SA (NYSE:BMA) in a research note issued to investors on Friday.
Zacks’ analyst wrote, “Banco Macro Bansud is a leading bank in Argentina. With the most extensive private-sector branch network in the country, Banco Marco provides standard banking products and services to a nationwide customer base. “
Zacks has also taken action a number of other financials stocks recently. The firm downgraded shares of Cytokinetics, Inc. from a buy rating to a hold rating. Also, Zacks reiterated its sell rating on shares of CTI BioPharma Corp. Finally, Zacks upgraded shares of CTC Media, Inc. from a sell rating to a hold rating.
Banco Macro SA (NYSE:BMA) traded down 1.48% during mid-day trading on Friday, hitting $54.43. 63,596 shares of the company’s stock traded hands. Banco Macro SA has a 52 week low of $28.03 and a 52 week high of $67.00. The stock has a 50-day moving average of $58. and a 200-day moving average of $47.. The company has a market cap of $3.18 billion and a price-to-earnings ratio of 8.11.
Banco Macro SA (NYSE:BMA) last posted its quarterly earnings results on Monday, February 23rd. The company reported $1.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.50 by $0.37. Analysts expect that Banco Macro SA will post $6.71 EPS for the current fiscal year.
Banco Macro SA is an Argentina-based financial institution. The Bank offers traditional banking products and services to businesses and individuals nationwide. It divides its operations into personal banking, which provides services for individuals and microenterprises; and corporate baking, which covers small, medium and large companies, as well as major corporations and agribusinesses.
To get a free copy of the research report on Banco Macro SA (BMA), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com
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