Todays Report: Today, BBVA Banco Frances SA (BFR) Upgraded by Zacks Investment Research to Buy

Today, BBVA Banco Frances SA (BFR) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of BBVA Banco Frances SA (NYSE:BFR) from a hold rating to a buy rating in a report issued on Monday. The firm currently has $23.00 price target on the stock.

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) opened at 20.14 on Monday. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 12.71 and a beta of 1.19. The firm’s 50-day moving average price is $19.92 and its 200 day moving average price is $20.19. BBVA Banco Frances SA has a 52 week low of $16.47 and a 52 week high of $25.35.

Several institutional investors have recently modified their holdings of the stock. Dorsey Wright & Associates boosted its position 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 during the period. Eqis Capital Management Inc. boosted its position in shares of BBVA Banco Frances SA by 33.8% in the third quarter. Eqis Capital Management Inc. now owns 16,294 shares of the company’s stock worth $324,000 after buying an additional 4,114 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of BBVA Banco Frances SA by 1.5% in the second quarter. Guggenheim Capital LLC now owns 17,922 shares of the company’s stock worth $370,000 after buying an additional 266 shares during the last quarter. KCG Holdings Inc. bought a new position in shares of BBVA Banco Frances SA during the second quarter worth about $412,000. Finally, Bienville Capital Management LLC boosted its position in shares of 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 worth $10,158,000 after buying an additional 37,198 shares during the last quarter. 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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