BBVA Banco Frances S.A. (NYSE:BFR) was downgraded by stock analysts at Credit Suisse Group to a “hold” rating in a research note issued to investors on Thursday, May 11th. They currently have a $35.00 target price on the bank’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 80.69% from the stock’s previous close.
Separately, Zacks Investment Research raised BBVA Banco Frances from a “sell” rating to a “hold” rating in a research report on Tuesday, January 17th.
Shares of BBVA Banco Frances (NYSE BFR) opened at 19.37 on Thursday. The stock has a market cap of $3.47 billion, a P/E ratio of 13.56 and a beta of 0.58. BBVA Banco Frances has a 12-month low of $16.20 and a 12-month high of $21.96. The company’s 50-day moving average is $18.67 and its 200-day moving average is $18.20.
Several large investors have recently added to or reduced their stakes in BFR. Comerica Bank acquired a new stake in BBVA Banco Frances during the fourth quarter valued at approximately $183,000. Banco BTG Pactual S.A. acquired a new stake in BBVA Banco Frances during the first quarter valued at approximately $184,000. World Asset Management Inc raised its stake in BBVA Banco Frances by 0.8% in the first quarter. World Asset Management Inc now owns 11,137 shares of the bank’s stock valued at $205,000 after buying an additional 92 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in BBVA Banco Frances during the third quarter valued at approximately $257,000. Finally, Somerset Capital Management LLP acquired a new stake in BBVA Banco Frances during the first quarter valued at approximately $267,000. 6.63% of the stock is owned by hedge funds and other institutional investors.
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.
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