Banco Macro SA (NYSE: BMA) was downgraded by equities research analysts at Zacks Investment Research from a “neutral” rating to an “underperform” rating in a research note issued to investors on Thursday.
Banco Macro S.A. (the Bank) is an Argentina-based bank. The Bank provides standard banking products and services to a nationwide customer base. The Bank has two categories of customers: retail customers, which include individuals and very small companies, and corporate customers, which include small, medium and large companies and major corporations. In addition, it provides services to four provincial governments. The Bank offers a range of standard products, which are available to both its retail and corporate customers. Retail customers are individuals, entrepreneurs and very small companies (companies with less than Pesos one million in sales per year). It provides services to them throughout Argentina, in particular outside of the City of Buenos Aires, which has higher concentrations of low- and middle-income individuals who are traditionally underserved by large private banks.
Shares of Banco Macro SA opened at 22.03 on Thursday. Banco Macro SA has a 52 week low of $18.35 and a 52 week high of $56.99. The stock’s 50-day moving average is $22.32 and its 200-day moving average is $31.56. The company has a market cap of $1.310 billion and a price-to-earnings ratio of 5.23.
Source: localizedusa.com/