BBVA Banco Frances S.A. (NYSE:BFR) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $23.00.
BFR has been the topic of several research reports. ValuEngine cut BBVA Banco Frances from a “hold” rating to a “sell” rating in a research report on Tuesday, May 29th. Santander raised BBVA Banco Frances from a “hold” rating to a “buy” rating in a research report on Friday, May 11th. Finally, TheStreet cut BBVA Banco Frances from a “b-” rating to a “c-” rating in a research report on Thursday.
A number of large investors have recently made changes to their positions in BFR. Bank of Montreal Can purchased a new position in shares of BBVA Banco Frances during the 2nd quarter valued at about $44,386,000. Schroder Investment Management Group lifted its position in shares of BBVA Banco Frances by 8.4% during the 1st quarter. Schroder Investment Management Group now owns 7,489,027 shares of the bank’s stock valued at $170,825,000 after buying an additional 577,543 shares in the last quarter. Millennium Management LLC purchased a new position in shares of BBVA Banco Frances during the 1st quarter valued at about $4,897,000. Verde Servicos Internacionais S.A. purchased a new position in shares of BBVA Banco Frances during the 2nd quarter valued at about $2,402,000. Finally, Prince Street Capital Management LLC purchased a new position in shares of BBVA Banco Frances during the 1st quarter valued at about $2,853,000. 15.98% of the stock is currently owned by institutional investors and hedge funds.
BBVA Banco Frances (NYSE:BFR) last announced its earnings results on Friday, June 1st. The bank reported $0.39 earnings per share (EPS) for the quarter. equities analysts forecast that BBVA Banco Frances will post 1.44 earnings per share for the current fiscal year.
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.
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