Zacks Downgrades BBVA Banco Frances S.A. to Underperform (BFR)
BBVA Banco Frances S.A. (NYSE:BFR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Wednesday, AR Network reports. They currently have a $6.60 target price on the stock. Zacks‘ price target suggests a potential downside of 4.35% from the company’s current price.
BBVA Banco Frances S.A. (NYSE:BFR) traded up 4.93% on Wednesday, hitting $7.24. 382,812 shares of the company’s stock traded hands. BBVA Banco Frances S.A. has a 52 week low of $3.51 and a 52 week high of $7.07. The stock has a 50-day moving average of $5.86 and a 200-day moving average of $4.58. The company has a market cap of $1.296 billion and a price-to-earnings ratio of 4.50.
A number of other firms have also recently commented on BFR. Analysts at UBS AG raised their price target on shares of BBVA Banco Frances S.A. from $7.60 to $9.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Analysts at TheStreet upgraded shares of BBVA Banco Frances S.A. from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 26th.
BBVA Banco Frances SA (NYSE:BFR) is an Argentina-based bank.
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