BBVA Banco Frances S.A. (NYSE:BFR) was upgraded by equities researchers at Santander from a “hold” rating to a “buy” rating in a report issued on Friday, The Fly reports.

A number of other equities research analysts also recently commented on BFR. Credit Suisse Group downgraded BBVA Banco Frances to a “hold” rating and set a $35.00 target price on the stock. in a research report on Thursday, May 11th. Zacks Investment Research upgraded BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research report on Monday, May 22nd. UBS AG upgraded BBVA Banco Frances from a “sell” rating to a “neutral” rating in a research report on Friday, May 26th. BidaskClub downgraded BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Finally, ValuEngine downgraded BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $23.00.

Shares of BBVA Banco Frances (BFR) traded up 0.314% during trading on Friday, hitting $17.545. The stock had a trading volume of 189,297 shares. BBVA Banco Frances has a 12 month low of $14.55 and a 12 month high of $21.90. The stock has a 50 day moving average of $16.38 and a 200 day moving average of $17.83. The company has a market cap of $3.14 billion, a PE ratio of 19.175 and a beta of 0.66.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its stake in BBVA Banco Frances by 2.4% during the second quarter. Wells Fargo & Company MN now owns 12,018 shares of the bank’s stock worth $227,000 after acquiring an additional 277 shares during the last quarter. Schroder Investment Management Group increased its stake in BBVA Banco Frances by 43.7% during the second quarter. Schroder Investment Management Group now owns 820,745 shares of the bank’s stock worth $15,282,000 after acquiring an additional 249,593 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in BBVA Banco Frances during the second quarter worth approximately $13,416,000. William Blair Investment Management LLC bought a new stake in BBVA Banco Frances during the second quarter worth approximately $843,000. Finally, INCA Investments LLC bought a new stake in BBVA Banco Frances during the second quarter worth approximately $4,559,000. 5.43% of the stock is currently owned by institutional investors.

BBVA Banco Frances 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.

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