BBVA Banco Frances S.A. (NYSE:BFR) Downgraded by BidaskClub to Strong Sell

BidaskClub lowered shares of BBVA Banco Frances S.A. (NYSE:BFR) from a sell rating to a strong sell rating in a research note released on Monday, July 24th.

Several other research firms have also commented on BFR. ValuEngine lowered BBVA Banco Frances from a buy rating to a hold rating in a research report on Wednesday, June 14th. Credit Suisse Group upgraded BBVA Banco Frances from an underperform rating to an outperform rating in a research report on Tuesday, June 13th. UBS AG upgraded BBVA Banco Frances from a sell rating to a neutral rating in a research report on Friday, May 26th. Finally, Zacks Investment Research upgraded BBVA Banco Frances from a strong sell rating to a hold rating in a research report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $23.00.

Shares of BBVA Banco Frances (BFR) traded up 1.74% during trading on Monday, reaching $16.40. 408,417 shares of the company’s stock traded hands. The stock has a market cap of $2.93 billion, a P/E ratio of 18.28 and a beta of 0.67. The company has a 50 day moving average price of $16.62 and a 200-day moving average price of $18.00. BBVA Banco Frances has a one year low of $14.55 and a one year high of $21.90.

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The firm also recently announced a None dividend, which was paid on Friday, August 18th. Stockholders of record on Thursday, August 10th were given a dividend of $0.251 per share. The ex-dividend date was Tuesday, August 8th.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank acquired a new position in shares of BBVA Banco Frances during the fourth quarter worth about $183,000. Banco BTG Pactual S.A. acquired a new position in shares of BBVA Banco Frances during the first quarter worth about $184,000. World Asset Management Inc raised its position in shares of BBVA Banco Frances by 0.8% in the first quarter. World Asset Management Inc now owns 11,137 shares of the bank’s stock worth $205,000 after buying an additional 92 shares during the period. Wells Fargo & Company MN raised its position in shares of BBVA Banco Frances by 2.4% in the second quarter. Wells Fargo & Company MN now owns 12,018 shares of the bank’s stock worth $227,000 after buying an additional 277 shares during the period. Finally, Somerset Capital Management LLP acquired a new position in shares of BBVA Banco Frances during the first quarter worth about $267,000. Hedge funds and other institutional investors own 7.57% of the company’s stock.

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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