BBVA Banco Frances (NYSE:BFR) Upgraded to Sell at ValuEngine

BBVA Banco Frances (NYSE:BFR) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Friday, ValuEngine reports.

A number of other equities research analysts have also commented on the company. Santander upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. HSBC upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $13.00.

Shares of NYSE BFR traded up $0.03 during trading on Friday, reaching $11.06. The company had a trading volume of 1,276,548 shares, compared to its average volume of 802,845. BBVA Banco Frances has a 12 month low of $6.57 and a 12 month high of $16.00. The firm has a market capitalization of $2.32 billion, a PE ratio of -58.21 and a beta of 0.09. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23.

BBVA Banco Frances (NYSE:BFR) last released its quarterly earnings results on Friday, May 10th. The bank reported $0.37 EPS for the quarter. The company had revenue of $256.23 million during the quarter. As a group, analysts forecast that BBVA Banco Frances will post 1.81 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BFR. Barclays PLC grew its position in shares of BBVA Banco Frances by 1,057.5% in the 4th quarter. Barclays PLC now owns 2,639 shares of the bank’s stock valued at $30,000 after buying an additional 2,411 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of BBVA Banco Frances in the 4th quarter valued at about $36,000. Exane Derivatives lifted its stake in shares of BBVA Banco Frances by 322.7% in the 1st quarter. Exane Derivatives now owns 12,770 shares of the bank’s stock valued at $121,000 after purchasing an additional 9,749 shares during the period. Alpine Global Management LLC acquired a new position in shares of BBVA Banco Frances in the 1st quarter valued at about $171,000. Finally, Ellington Management Group LLC lifted its stake in shares of BBVA Banco Frances by 21.0% in the 1st quarter. Ellington Management Group LLC now owns 21,800 shares of the bank’s stock valued at $207,000 after purchasing an additional 3,789 shares during the period. Hedge funds and other institutional investors own 14.38% 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.

Further Reading: What economic reports are most valuable to investors?

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.