BBVA Banco Frances S.A. (BFR) Stock Rating Upgraded by Santander

Santander upgraded shares of BBVA Banco Frances S.A. (NYSE:BFR) from a hold rating to a buy rating in a research report released on Friday morning, The Fly reports.

Other equities research analysts also recently issued reports about the company. Credit Suisse Group set a $23.00 target price on BBVA Banco Frances and gave the stock a buy rating in a research report on Friday, August 11th. BidaskClub upgraded BBVA Banco Frances from a sell rating to a hold rating in a research report on Friday, August 25th. ValuEngine downgraded BBVA Banco Frances from a buy rating to a hold rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded BBVA Banco Frances from a strong sell rating to a hold rating in a research report on Monday, May 22nd. Finally, UBS AG upgraded BBVA Banco Frances from a sell rating to a neutral rating in a research report on Friday, May 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $23.00.

BBVA Banco Frances (NYSE BFR) opened at 17.63 on Friday. The stock’s 50 day moving average price is $16.45 and its 200 day moving average price is $17.82. BBVA Banco Frances has a 12 month low of $14.55 and a 12 month high of $21.90. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 19.27 and a beta of 0.66.

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The business also recently disclosed a None dividend, which was paid on Friday, August 18th. Shareholders of record on Thursday, August 10th were given a dividend of $0.251 per share. The ex-dividend date was Tuesday, August 8th.

Hedge funds have recently modified their holdings of the business. Global X Management Co. LLC raised its position in BBVA Banco Frances by 22.6% during the second quarter. Global X Management Co. LLC now owns 219,388 shares of the bank’s stock valued at $4,153,000 after purchasing an additional 40,377 shares during the period. Somerset Capital Management LLP purchased a new stake in BBVA Banco Frances during the first quarter valued at approximately $267,000. Bank of Montreal Can raised its position in BBVA Banco Frances by 38.0% during the second quarter. Bank of Montreal Can now owns 2,240,237 shares of the bank’s stock valued at $42,408,000 after purchasing an additional 617,332 shares during the period. Deltec Asset Management LLC purchased a new stake in BBVA Banco Frances during the second quarter valued at approximately $1,079,000. Finally, Fisher Asset Management LLC raised its position in BBVA Banco Frances by 66.2% during the second quarter. Fisher Asset Management LLC now owns 20,441 shares of the bank’s stock valued at $387,000 after purchasing an additional 8,141 shares during the period. Institutional investors and hedge funds own 5.43% of the company’s stock.

About BBVA Banco Frances

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.

The Fly

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