BBVA Banco Frances SA (BFR) Upgraded to “Buy” by Zacks Investment Research
BBVA Banco Frances SA (NYSE:BFR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $23.00 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 14.20% from the stock’s previous close.
According to Zacks, “Banco Frances del Rio de la Plata S.A. is a full-service banker for large corporations, middle market businesses and individuals. The Company operates approximately 74 branches in Argentina, 8 branches in Uruguay and a sibsidiary bank in the Cayman Islands. “
BBVA Banco Frances SA (NYSE:BFR) traded up 0.95% on Monday, reaching $20.14. 53,292 shares of the company traded hands. BBVA Banco Frances SA has a 1-year low of $16.47 and a 1-year high of $25.35. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 12.71 and a beta of 1.19. The stock has a 50 day moving average of $19.92 and a 200-day moving average of $20.19.
Large investors have recently modified their holdings of the company. Dorsey Wright & Associates raised its stake in BBVA Banco Frances SA by 39.8% in the third quarter. Dorsey Wright & Associates now owns 42,165 shares of the company’s stock worth $839,000 after buying an additional 11,996 shares during the last quarter. Eqis Capital Management Inc. raised its stake in BBVA Banco Frances SA by 33.8% in the third quarter. Eqis Capital Management Inc. now owns 16,294 shares of the company’s stock worth $324,000 after buying an additional 4,114 shares during the last quarter. Guggenheim Capital LLC raised its stake in BBVA Banco Frances SA by 1.5% in the second quarter. Guggenheim Capital LLC now owns 17,922 shares of the company’s stock worth $370,000 after buying an additional 266 shares during the last quarter. KCG Holdings Inc. acquired a new stake in BBVA Banco Frances SA during the second quarter worth about $412,000. Finally, Bienville Capital Management LLC raised its stake in BBVA Banco Frances SA by 8.2% in the second quarter. Bienville Capital Management LLC now owns 492,403 shares of the company’s stock worth $10,158,000 after buying an additional 37,198 shares during the last quarter. 6.06% of the stock is owned by institutional investors.
BBVA Banco Frances SA Company Profile
BBVA Banco Frances SA (the Bank) is a provider of financial services to large corporations, small and medium-size companies (SMEs), as well as individual customers. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. The Bank has all its operations, property and customers located in Argentina.
Receive News & Stock Ratings for BBVA Banco Frances SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BBVA Banco Frances SA and related stocks with our FREE daily email newsletter.