Shares of Banco Macro S.A. ADR (representing Ten Class B) (NYSE:BMA) traded at a new 52-week high today of $20.60. This new high was reached on below average trading volume as 159,000 shares traded hands, while the average 30-day volume is approximately 288,000 shares.
Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. The firm generates most of its revenue from Argentina.
Over the past year, Banco Macro S.A. ADR (representing Ten Class B) has traded in a range of $11.45 to $20.60 and is now at $20.35, 78% above that low.
Potential upside of 34.0% exists for Banco Macro S.A. ADR (representing Ten Class B), based on a current level of $20.35 and analysts’ average consensus price target of $27.27.
Receive IBN Spotlights – “Bite Size” Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About InvestorBrandNetwork (IBN)
InvestorBrandNetwork (IBN) consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer