Lazard Capital Starts Stock Coverage on Banco Macro SA (BMA)

By admin | 6 years ago

Equities researchers at Lazard Capital assumed coverage on shares of Banco Macro SA (NYSE: BMA) in a report issued on Tuesday. The firm set a “neutral” rating on the stock.

Banco Macro SA traded down 1.04% on Tuesday, hitting $14.28. Banco Macro SA has a 52-week low of $14.27 and a 52-week high of $40.34. The company has a market cap of $848.9 million and a price-to-earnings ratio of 3.24.

A number of other firms have also recently commented on BMA. Analysts at Goldman Sachs (NYSE: GS) upgraded shares of Banco Macro SA from a “sell” rating to a “neutral” rating in a research note to investors on Tuesday, May 8th. Analysts at JPMorgan Chase (NYSE: JPM) upgraded shares of Banco Macro SA from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday, February 16th.

Banco Macro S.A. (the Bank) is an Argentina-based bank. The Bank provides standard banking products and services to a nationwide customer base.

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