TheStreet upgraded shares of BBVA Banco Frances S.A. (NYSE:BFR) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, StockRatingsNetwork reports.
“Bbva Banco FrancesS.A (BFR) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.,” the firm’s analyst wrote.
TheStreet has also updated their ratings on a number of other financials stocks in the last week. The firm upgraded shares of DryShips from a sell rating to a hold rating. Also, TheStreet downgraded shares of Magellan Petroleum Corp from a hold rating to a sell rating. Finally, TheStreet downgraded shares of Randgold Resources Ltd. from a buy rating to a hold rating.
BBVA Banco Frances S.A. (NYSE:BFR) traded down 1.85% during mid-day trading on Thursday, hitting $6.37. The stock had a trading volume of 164,503 shares. BBVA Banco Frances S.A. has a one year low of $3.51 and a one year high of $6.87. The stock has a 50-day moving average of $5.51 and a 200-day moving average of $4.46. The company has a market cap of $1.140 billion and a price-to-earnings ratio of 4.23.
A number of other firms have also recently commented on BFR. Analysts at Zacks downgraded shares of BBVA Banco Frances S.A. (NYSE:BFR) from an outperform rating to a neutral rating in a research note to investors on Monday, September 2nd. They now have a $5.70 price target on the stock.
BBVA Banco Frances SA (NYSE:BFR) is an Argentina-based bank.
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