Zacks Investment Research upgraded shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) from a sell rating to a hold rating in a research report released on Saturday morning.

According to Zacks, “Grupo Supervielle SA is a private domestically-owned financial group primarily in Argentina. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank which operates primary in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis. Grupo Supervielle SA is based in Bueno Aires, Argentina. “

A number of other equities analysts also recently commented on the stock. Bank of America Corp. initiated coverage on shares of Grupo Supervielle SA -ADR in a research note on Monday, June 13th. They issued a buy rating for the company. Raymond James Financial Inc. initiated coverage on Grupo Supervielle SA -ADR in a research report on Tuesday, July 19th. They set an outperform rating and a $17.00 price target on the stock. Finally, Morgan Stanley reaffirmed an overweight rating and set a $16.00 price target on shares of Grupo Supervielle SA -ADR in a research report on Monday, June 13th.

Shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) opened at 14.81 on Friday. The stock’s 50 day moving average price is $14.16 and its 200-day moving average price is $13.17. Grupo Supervielle SA -ADR has a 52 week low of $10.00 and a 52 week high of $16.16. The company has a market cap of $5.39 billion and a PE ratio of 41.84.

A hedge fund recently bought a new stake in Grupo Supervielle SA -ADR stock. Nomura Holdings Inc. purchased a new position in Grupo Supervielle SA -ADR (NASDAQ:SUPV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,100 shares of the company’s stock, valued at approximately $154,000.

About Grupo Supervielle SA -ADR

Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.

5 Day Chart for NASDAQ:SUPV

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