BBVA Banco Frances (BFR) Raised to Sell at ValuEngine

ValuEngine upgraded shares of BBVA Banco Frances (NYSE:BFR) from a strong sell rating to a sell rating in a report issued on Thursday morning.

A number of other equities analysts also recently commented on BFR. Santander downgraded shares of BBVA Banco Frances from a buy rating to a hold rating in a research note on Tuesday, August 7th. Zacks Investment Research upgraded shares of BBVA Banco Frances from a strong sell rating to a hold rating in a research note on Tuesday, August 14th. Finally, TheStreet downgraded shares of BBVA Banco Frances from a b- rating to a c- rating in a research note on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $30.00.

Shares of NYSE:BFR traded up $0.64 during trading on Thursday, hitting $12.51. The company’s stock had a trading volume of 1,012,061 shares, compared to its average volume of 499,518. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 10.97 and a beta of 0.46. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.22. BBVA Banco Frances has a fifty-two week low of $7.11 and a fifty-two week high of $27.45.

BBVA Banco Frances (NYSE:BFR) last posted its quarterly earnings results on Thursday, August 23rd. The bank reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.11. On average, analysts expect that BBVA Banco Frances will post 1.23 EPS for the current year.

Several hedge funds have recently modified their holdings of BFR. UBS Group AG acquired a new position in shares of BBVA Banco Frances during the first quarter worth $109,000. Exane Derivatives grew its stake in shares of BBVA Banco Frances by 870,900.0% during the second quarter. Exane Derivatives now owns 8,710 shares of the bank’s stock worth $109,000 after purchasing an additional 8,709 shares in the last quarter. Engineers Gate Manager LP acquired a new position in BBVA Banco Frances in the second quarter valued at $148,000. Itau Unibanco Holding S.A. acquired a new position in BBVA Banco Frances in the second quarter valued at $346,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in BBVA Banco Frances in the second quarter valued at $363,000. Hedge funds and other institutional investors own 15.60% of the company’s stock.

About BBVA Banco Frances

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.

Read More: What is intrinsic value?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for BBVA Banco Frances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BBVA Banco Frances and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply