Zacks Investment Research Upgrades Grupo Aval Acciones y Valores (NYSE:AVAL) to Hold

Grupo Aval Acciones y Valores (NYSE:AVAL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Grupo Aval Acciones y Valores S.A. is a financial services group. It provides a comprehensive range of financial services and products ranging from traditional banking services, such as making loans and taking deposits, to pension and severance fund management. The company also provides general purpose loans, foreign exchange services, documentation services, guarantees, auto financing, payroll loans, and credit cards, as well as various deposit and basic treasury products. It provides fiduciary services; merchandise storage and deposit, customs agency, cargo management, and merchandise distribution; brokerage services, fund management, portfolio management, securities management, and capital markets consulting services; and investment banking, treasury, and private banking services. Grupo Aval Acciones Y Valores S.A. is based in Bogotá, Colombia. “

NYSE AVAL traded down $0.05 on Tuesday, reaching $6.55. The stock had a trading volume of 701 shares, compared to its average volume of 71,161. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 10.23 and a beta of 1.39. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.83. Grupo Aval Acciones y Valores has a 12-month low of $3.32 and a 12-month high of $8.70. The stock has a fifty day moving average price of $6.67 and a two-hundred day moving average price of $5.59.

Grupo Aval Acciones y Valores (NYSE:AVAL) last announced its earnings results on Monday, November 23rd. The bank reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. The company had revenue of $1.55 billion for the quarter. Grupo Aval Acciones y Valores had a return on equity of 7.12% and a net margin of 9.11%. Sell-side analysts forecast that Grupo Aval Acciones y Valores will post 0.47 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in AVAL. Northern Trust Corp raised its position in Grupo Aval Acciones y Valores by 18.9% in the fourth quarter. Northern Trust Corp now owns 498,388 shares of the bank’s stock valued at $3,429,000 after purchasing an additional 79,270 shares during the period. Trexquant Investment LP acquired a new position in shares of Grupo Aval Acciones y Valores in the fourth quarter worth $181,000. Finally, JustInvest LLC grew its stake in shares of Grupo Aval Acciones y Valores by 33.8% in the fourth quarter. JustInvest LLC now owns 66,090 shares of the bank’s stock worth $455,000 after acquiring an additional 16,713 shares in the last quarter. 3.71% of the stock is currently owned by institutional investors.

Grupo Aval Acciones y Valores Company Profile

Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector customers in Colombia and Central America. The company offers deposit products and services, such as checking and savings accounts, and time deposits, as well as other deposits, including deposits from correspondent banks, cashier checks, and collection services.

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