Banco BBVA Argentina (NYSE:BBAR) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Banco BBVA Argentina (NYSE:BBAR) from an underweight rating to an overweight rating in a research note released on Monday morning, MarketBeat.com reports. Morgan Stanley currently has $27.00 price target on the bank’s stock.

Separately, StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Banco BBVA Argentina Stock Performance

BBAR stock opened at $17.42 on Monday. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 9.07 and a beta of 1.49. The firm has a 50 day moving average of $15.21 and a two-hundred day moving average of $11.77. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina has a 12 month low of $4.63 and a 12 month high of $19.98.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Banco BBVA Argentina during the third quarter worth $136,000. Truist Financial Corp bought a new position in Banco BBVA Argentina during the 2nd quarter worth about $167,000. GSA Capital Partners LLP acquired a new position in shares of Banco BBVA Argentina during the third quarter worth about $237,000. SG Americas Securities LLC bought a new position in shares of Banco BBVA Argentina during the third quarter worth about $246,000. Finally, Channing Global Advisors LLC bought a new position in shares of Banco BBVA Argentina during the third quarter worth about $247,000.

Banco BBVA Argentina Company Profile

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.