GRUPO AVAL ACCI/S (NYSE:AVAL) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of GRUPO AVAL ACCI/S (NYSE:AVAL) from a strong sell rating to a hold rating in a research note published on Wednesday morning, 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. “

Separately, ValuEngine lowered GRUPO AVAL ACCI/S from a hold rating to a sell rating in a research note on Wednesday.

Shares of NYSE AVAL traded down $0.06 during mid-day trading on Wednesday, reaching $7.39. The company’s stock had a trading volume of 64,101 shares, compared to its average volume of 62,749. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 9.24 and a beta of 0.96. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.69. The firm’s fifty day simple moving average is $7.90. GRUPO AVAL ACCI/S has a 52 week low of $5.59 and a 52 week high of $8.51.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV bought a new position in GRUPO AVAL ACCI/S during the first quarter valued at approximately $101,000. Qtron Investments LLC bought a new position in GRUPO AVAL ACCI/S during the first quarter valued at approximately $200,000. Dimensional Fund Advisors LP boosted its stake in GRUPO AVAL ACCI/S by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 410,509 shares of the bank’s stock valued at $2,420,000 after buying an additional 14,026 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in GRUPO AVAL ACCI/S during the fourth quarter valued at approximately $116,000. Finally, NS Partners Ltd bought a new position in GRUPO AVAL ACCI/S during the first quarter valued at approximately $545,000. 17.90% of the stock is owned by hedge funds and other institutional investors.


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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