BBVA Banco Frances SA (NYSE:BFR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.

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. “

Shares of BBVA Banco Frances SA (NYSE:BFR) traded down 2.71% during midday trading on Friday, hitting $17.58. The company had a trading volume of 94,539 shares. BBVA Banco Frances SA has a 12 month low of $16.47 and a 12 month high of $25.35. The company has a 50-day moving average of $19.75 and a 200-day moving average of $19.99. The company has a market capitalization of $3.15 billion, a PE ratio of 10.97 and a beta of 1.23.

Large investors have recently bought and sold shares of the company. James Investment Research Inc. purchased a new stake in BBVA Banco Frances SA during the second quarter valued at approximately $200,000. Global X Management Co. LLC raised its stake in BBVA Banco Frances SA by 35.0% in the second quarter. Global X Management Co. LLC now owns 133,173 shares of the company’s stock valued at $2,747,000 after buying an additional 34,522 shares during the period. Exane Derivatives raised its stake in BBVA Banco Frances SA by 55.6% in the second quarter. Exane Derivatives now owns 11,188 shares of the company’s stock valued at $231,000 after buying an additional 4,000 shares during the period. 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 valued at $10,158,000 after buying an additional 37,198 shares during the period. Finally, Eqis Capital Management Inc. raised its stake in BBVA Banco Frances SA by 13.0% in the second quarter. Eqis Capital Management Inc. now owns 12,180 shares of the company’s stock valued at $251,000 after buying an additional 1,398 shares during the period. Institutional investors own 6.06% of the company’s stock.

About BBVA Banco Frances SA

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.

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