Shares of BBVA Banco Frances S.A. (NYSE:BBAR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.79 and traded as high as $4.25. BBVA Banco Frances shares last traded at $4.15, with a volume of 9,636 shares.
BBAR has been the subject of several recent analyst reports. Zacks Investment Research upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Tuesday, October 8th. ValuEngine upgraded BBVA Banco Frances from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley lowered BBVA Banco Frances from an “overweight” rating to an “underweight” rating in a research note on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $5.00.
The company has a debt-to-equity ratio of 0.09, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $4.34 and a 200-day simple moving average of $8.79. The stock has a market capitalization of $853.64 million, a price-to-earnings ratio of -21.72 and a beta of 0.69.
BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings data on Monday, August 12th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.41. The company had revenue of $341.21 million for the quarter. On average, sell-side analysts forecast that BBVA Banco Frances S.A. will post 1.81 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. KBC Group NV bought a new position in BBVA Banco Frances in the second quarter valued at about $51,000. Exane Derivatives boosted its holdings in BBVA Banco Frances by 38.9% in the second quarter. Exane Derivatives now owns 17,734 shares of the bank’s stock valued at $201,000 after acquiring an additional 4,964 shares during the last quarter. Gulf International Bank UK Ltd bought a new position in BBVA Banco Frances in the second quarter valued at about $589,000. BP PLC bought a new position in BBVA Banco Frances in the second quarter valued at about $147,000. Finally, Aviva PLC bought a new position in BBVA Banco Frances in the second quarter valued at about $238,000. Institutional investors own 13.96% of the company’s stock.
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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