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Zacks Investment Research upgraded BBVA Banco Frances S.A. (ADR) (NYSE:BFR) to Hold in a report released today.

Zacks Investment Research has upgraded BBVA Banco Frances S.A. (ADR) (NYSE:BFR) to Hold in a report released on 5/22/2017.

Just yesterday BBVA Banco Frances S.A. (ADR) (NYSE:BFR) traded -1.13% lower at $17.31. BBVA Banco Frances S.A. (ADR)’s 50-day moving average is $18.51 and its 200-day moving average is $18.11. The last stock price is down 15.67% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.01% over the same time period. 272,209 shares of BFR traded hands, down from an average trading volume of 684,751

Recent Performance Chart

BBVA Banco Frances S.A. (ADR) (NYSE:BFR)

BBVA Banco Frances S.A. (ADR) has 52 week low of $14.55 and a 52 week high of $21.90 with a PE ratio of 22.82 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 3 brokerages have issued a ratings update on the company. The average stock price target is $23.48 with 0 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 1 brokerage rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On BBVA Banco Frances S.A. (ADR) (NYSE:BFR)

BBVA Banco Frances S.A. (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. As part of its business, the Bank conducts capital markets and securities operations directly in the over-the-counter market and indirectly in Bolsa de Comercio de Buenos Aires (BCBA). Its corporate banking is divided by industry, such as consumer, heavy industries and energy. The Bank's business lines include Retail Banking, Enterprise Banking, and Corporate and Investment Banking. Enterprise Banking offers both short- and long-term financing. The Corporate and Investment Banking business line is concerned with foreign trade transactions, and advice in mergers and acquisitions and in capital market transactions.

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