Zacks Investment Research upgraded shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) from a sell rating to a hold rating in a report published 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 SUPV. Morgan Stanley reiterated an overweight rating and issued a $16.00 price target on shares of Grupo Supervielle SA -ADR in a research note on Monday, June 13th. Raymond James Financial Inc. began coverage on Grupo Supervielle SA -ADR in a research note on Tuesday, July 19th. They issued an outperform rating and a $17.00 price target for the company. Finally, Bank of America Corp. began coverage on Grupo Supervielle SA -ADR in a research note on Monday, June 13th. They issued a buy rating for the company.

Shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) opened at 14.81 on Friday. The stock has a 50 day moving average price of $14.16 and a 200-day moving average price of $13.17. Grupo Supervielle SA -ADR has a 52 week low of $10.00 and a 52 week high of $16.16. The firm has a market capitalization of $5.39 billion and a price-to-earnings ratio of 41.84.

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

Grupo Supervielle SA -ADR Company Profile

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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