GRUPO AVAL ACCI/S (NYSE:AVAL) Upgraded to Hold by Zacks Investment Research

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GRUPO AVAL ACCI/S (NYSE:AVAL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, Zacks.com 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, Citigroup upgraded shares of GRUPO AVAL ACCI/S from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 16th.

AVAL opened at $8.10 on Monday. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 10.13 and a beta of 0.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $7.99 and a 200-day moving average price of $7.62. GRUPO AVAL ACCI/S has a twelve month low of $5.59 and a twelve month high of $8.64.

A number of institutional investors and hedge funds have recently modified their holdings of AVAL. Parallel Advisors LLC boosted its stake in GRUPO AVAL ACCI/S by 64.0% in the 3rd quarter. Parallel Advisors LLC now owns 11,176 shares of the bank’s stock worth $83,000 after purchasing an additional 4,361 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of GRUPO AVAL ACCI/S during the second quarter valued at about $87,000. Bank of Montreal Can increased its position in shares of GRUPO AVAL ACCI/S by 122.4% during the second quarter. Bank of Montreal Can now owns 11,031 shares of the bank’s stock valued at $88,000 after buying an additional 6,072 shares during the period. Ballentine Partners LLC increased its position in shares of GRUPO AVAL ACCI/S by 23.6% during the second quarter. Ballentine Partners LLC now owns 13,183 shares of the bank’s stock valued at $105,000 after buying an additional 2,521 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of GRUPO AVAL ACCI/S in the second quarter worth about $120,000. 5.65% of the stock is currently owned by institutional investors and hedge funds.

About GRUPO AVAL ACCI/S

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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