The stock of BBVA Banco Frances S.A. (ADR) (NYSE:BFR) is a huge mover today! About 188,114 shares traded hands or 99.64% up from the average. BBVA Banco Frances S.A. (ADR) (NYSE:BFR) has declined 21.49% since April 20, 2016 and is downtrending. It has underperformed by 26.05% the S&P500.
The move comes after 7 months positive chart setup for the $3.44 billion company. It was reported on Nov, 22 by Barchart.com. We have $19.96 PT which if reached, will make NYSE:BFR worth $240.80M more.
BBVA Banco Frances S.A. (ADR) (NYSE:BFR) Ratings Coverage
Out of 2 analysts covering BBVA Banco Frances SA (NYSE:BFR), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. BBVA Banco Frances SA has been the topic of 2 analyst reports since November 12, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James to “Market Perform” on Thursday, November 12. Credit Suisse initiated the stock with “Underperform” rating in Tuesday, March 29 report.
According to Zacks Investment Research, “Banco Frances del Rio de la Plata S.A. is a full-service banker for large corporations, middle market businesses and individuals. The Company operates approximately 74 branches in Argentina, 8 branches in Uruguay and a sibsidiary bank in the Cayman Islands.”
More notable recent BBVA Banco Frances S.A. (ADR) (NYSE:BFR) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Benzinga.com with their article: “Top Performing Industries For November 17, 2016” published on November 17, 2016, Marketwatch.com published: “Don’t cry for Argentina, buy Argentina” on August 11, 2014. More interesting news about BBVA Banco Frances S.A. (ADR) (NYSE:BFR) were released by: Dividend.com and their article: “Banco Macro SA (BMA)” published on June 05, 2008 as well as Seekingalpha.com‘s news article titled: “17 High Dividend ADRs With Tremendous Growth Rates” with publication date: June 03, 2011.
BFR Company Profile
BBVA Banco Frances S.A. (the Bank), incorporated on December 6, 1886, is a well-known provider of financial services to large firms, 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 clients located in Argentina. As part of its business, the Bank conducts capital markets and securities activities directly in the over-the-counter market and indirectly in Bolsa de Comercio de Buenos Aires (BCBA). The Bank has approximately 285 attention-to-clients units, 251 of which are retail branches and 34 are specialized in the middle-market segment and institutions, while corporate banking is divided by industry, such as consumer, heavy industries and energy. It also has over 14 in-company branches, one point of sale outlet and one point of express attention, approximately 694 automated teller machines (ATMs) and over 797 self-service terminals (ATS), a telephone banking service, an Internet banking service called Frances Net, and an application for smartphones.
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