BBVA Banco Frances SA (NYSE:BFR) rose 2.8% during trading on Wednesday . The company traded as high as $21.00 and last traded at $20.85, with a volume of 57,735 shares. The stock had previously closed at $20.28.

BFR has been the topic of a number of research reports. Zacks Investment Research raised shares of BBVA Banco Frances SA from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, March 21st. Santander initiated coverage on shares of BBVA Banco Frances SA in a report on Wednesday, March 23rd. They issued an “underperform” rating and a $21.00 price target on the stock. Finally, Credit Suisse Group AG initiated coverage on shares of BBVA Banco Frances SA in a report on Tuesday, March 29th. They issued an “underperform” rating and a $21.00 price target on the stock.

The firm has a market capitalization of $3.75 billion and a price-to-earnings ratio of 13.73. The firm’s 50-day moving average price is $20.09 and its 200-day moving average price is $20.23.

A number of large investors have made changes to their positions in BFR. Morgan Stanley boosted its stake in shares of BBVA Banco Frances SA by 19.0% in the fourth quarter. Morgan Stanley now owns 3,470,802 shares of the company’s stock worth $66,223,000 after buying an additional 555,339 shares during the period. Schroder Investment Management Group acquired a new stake in shares of BBVA Banco Frances SA during the fourth quarter worth $8,772,000. Bank of Montreal Can boosted its stake in shares of BBVA Banco Frances SA by 28.9% in the fourth quarter. Bank of Montreal Can now owns 1,159,217 shares of the company’s stock worth $22,118,000 after buying an additional 259,717 shares during the period. Finally, Shell Asset Management Co. acquired a new stake in shares of BBVA Banco Frances SA during the fourth quarter worth $1,285,000.

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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