GRUPO AVAL ACCI/S (AVAL) Upgraded to Hold at Zacks Investment Research

GRUPO AVAL ACCI/S (NYSE:AVAL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

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. “

A number of other analysts have also issued reports on the stock. ValuEngine raised shares of GRUPO AVAL ACCI/S from a “strong sell” rating to a “sell” rating in a research report on Friday, December 7th. JPMorgan Chase & Co. set a $8.00 price target on shares of GRUPO AVAL ACCI/S and gave the stock a “hold” rating in a research report on Tuesday, November 27th. Finally, Santander raised shares of GRUPO AVAL ACCI/S from a “hold” rating to a “buy” rating in a research report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. GRUPO AVAL ACCI/S has a consensus rating of “Hold” and a consensus price target of $9.00.

Shares of NYSE AVAL traded down $0.03 during mid-day trading on Wednesday, reaching $7.27. The company had a trading volume of 50,806 shares, compared to its average volume of 154,803. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 12.12 and a beta of 0.78. GRUPO AVAL ACCI/S has a 12-month low of $5.59 and a 12-month high of $9.28.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB raised its position in GRUPO AVAL ACCI/S by 55.0% during the fourth quarter. Nordea Investment Management AB now owns 62,304 shares of the bank’s stock valued at $368,000 after acquiring an additional 22,100 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in GRUPO AVAL ACCI/S by 121.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 231,868 shares of the bank’s stock valued at $1,368,000 after acquiring an additional 126,936 shares in the last quarter. Two Sigma Advisers LP bought a new position in GRUPO AVAL ACCI/S during the fourth quarter valued at approximately $88,000. Two Sigma Investments LP bought a new position in GRUPO AVAL ACCI/S during the fourth quarter valued at approximately $684,000. Finally, Stone Ridge Asset Management LLC bought a new position in GRUPO AVAL ACCI/S during the fourth quarter valued at approximately $116,000. 18.65% of the stock is currently owned by hedge funds and other institutional investors.

GRUPO AVAL ACCI/S 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's deposit products and services include checking accounts, savings accounts, and time deposits, as well as other deposits consisting of deposits from correspondent accounts, cashier checks, and collection services.

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