BBVA Banco Frances (BFR) Upgraded at Zacks Investment Research
BBVA Banco Frances (NYSE:BFR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday.
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. “
Several other analysts also recently weighed in on the stock. Santander downgraded shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. ValuEngine downgraded shares of BBVA Banco Frances from a “sell” rating to a “strong sell” rating in a research report on Monday, August 13th. Finally, TheStreet downgraded shares of BBVA Banco Frances from a “b-” rating to a “c-” rating in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.00.
BBVA Banco Frances (NYSE:BFR) last issued its quarterly earnings data on Thursday, August 23rd. The bank reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.11. As a group, equities analysts anticipate that BBVA Banco Frances will post 1.23 EPS for the current year.
A number of large investors have recently modified their holdings of BFR. UBS Group AG bought a new stake in BBVA Banco Frances in the 1st quarter valued at about $109,000. Engineers Gate Manager LP bought a new stake in BBVA Banco Frances in the 2nd quarter valued at about $148,000. Legal & General Group Plc bought a new stake in BBVA Banco Frances in the 3rd quarter valued at about $197,000. Jane Street Group LLC acquired a new position in BBVA Banco Frances during the 3rd quarter valued at about $223,000. Finally, Itau Unibanco Holding S.A. acquired a new position in BBVA Banco Frances during the 2nd quarter valued at about $346,000. Hedge funds and other institutional investors own 17.01% of the company’s stock.
BBVA Banco Frances Company Profile
BBVA Banco Francés SA, together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits.
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