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 note issued on Monday. The brokerage presently has a $23.00 price target on the stock. Zacks Investment Research’s price target would indicate 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% during midday trading on Monday, hitting $20.14. 53,292 shares of the stock were exchanged. BBVA Banco Frances SA has a one year low of $16.47 and a one year high of $25.35. The firm has a 50-day moving average price of $19.92 and a 200-day moving average price of $20.19. The stock has a market cap of $3.60 billion, a P/E ratio of 12.71 and a beta of 1.19.
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Large investors have recently bought and sold shares of the stock. James Investment Research Inc. purchased a new stake in BBVA Banco Frances SA during the second quarter valued at $200,000. Global X Management Co. LLC increased its stake in shares of 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 in the last quarter. Exane Derivatives increased its stake in shares of 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 in the last quarter. Eqis Capital Management Inc. increased its stake in shares of 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 in the last quarter. Finally, Dorsey Wright & Associates increased its stake in shares of BBVA Banco Frances SA by 39.8% in the third quarter. Dorsey Wright & Associates now owns 42,165 shares of the company’s stock valued at $839,000 after buying an additional 11,996 shares in the last quarter. 6.06% of the stock is owned by institutional investors and hedge funds.
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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