Banco Macro SA (BMA) Receiving Very Positive Media Coverage, AlphaOne Reports

News articles about Banco Macro SA (NYSE:BMA) have been trending very positive on Thursday, according to AlphaOne. The research firm, a division of Accern, scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Banco Macro SA earned a media sentiment score of 0.57 on AlphaOne’s scale. AlphaOne also assigned media stories about the bank an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the near future.

Shares of Banco Macro SA (NYSE:BMA) opened at 88.00 on Thursday. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 12.17 and a beta of 1.45. Banco Macro SA has a one year low of $58.72 and a one year high of $91.04. The firm has a 50-day moving average price of $86.73 and a 200 day moving average price of $77.90.

BMA has been the subject of several recent research reports. JPMorgan Chase & Co. cut Banco Macro SA from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 16th. Zacks Investment Research raised Banco Macro SA from a “hold” rating to a “strong-buy” rating and set a $101.00 price objective on the stock in a report on Thursday, May 11th.

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About Banco Macro SA

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.

5 Day Chart for NYSE:BMA

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