BBVA Banco Frances S.A. (NYSE:BBAR)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $5.66, but opened at $5.80. BBVA Banco Frances shares last traded at $5.42, with a volume of 50,252 shares changing hands.
Several equities research analysts recently commented on the company. Morgan Stanley cut BBVA Banco Frances from an “overweight” rating to an “underweight” rating in a report on Monday. HSBC cut BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Wednesday, June 5th. ValuEngine raised BBVA Banco Frances from a “strong sell” rating to a “sell” rating in a research note on Friday, June 14th. Finally, Zacks Investment Research cut BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. BBVA Banco Frances has a consensus rating of “Hold” and an average price target of $14.00.
The firm has a 50-day moving average price of $11.06 and a 200 day moving average price of $10.32. The firm has a market capitalization of $2.46 billion, a PE ratio of -28.79 and a beta of 0.30. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.23.
About BBVA Banco Frances (NYSE:BBAR)
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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