News stories about Banco Macro (NYSE:BMA) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Banco Macro earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.4900776550438 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

BMA has been the subject of several research analyst reports. BidaskClub raised shares of Banco Macro from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Zacks Investment Research raised shares of Banco Macro from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research report on Tuesday, September 5th. ValuEngine lowered shares of Banco Macro from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Santander raised shares of Banco Macro from an “underperform” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, UBS lowered shares of Banco Macro from an “outperform” rating to a “market perform” rating in a research report on Friday, November 24th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Banco Macro currently has an average rating of “Buy” and an average price target of $112.35.

Banco Macro (BMA) traded down $1.39 on Friday, reaching $114.38. 151,732 shares of the company’s stock were exchanged, compared to its average volume of 325,751. Banco Macro has a 12 month low of $61.12 and a 12 month high of $136.10. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.18. The stock has a market cap of $7,532.61, a price-to-earnings ratio of 14.63, a PEG ratio of 2.02 and a beta of 1.24.

COPYRIGHT VIOLATION WARNING: “Somewhat Positive Press Coverage Somewhat Unlikely to Affect Banco Macro (BMA) Stock Price” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/17/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-banco-macro-bma-stock-price.html.

About Banco Macro

Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA.

Insider Buying and Selling by Quarter for Banco Macro (NYSE:BMA)

Receive News & Ratings for Banco Macro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Macro and related companies with MarketBeat.com's FREE daily email newsletter.