BBVA Banco Frances S.A. (NYSE:BBAR) was up 5.8% on Tuesday . The company traded as high as $3.35 and last traded at $3.28, approximately 1,754,800 shares changed hands during mid-day trading. An increase of 109% from the average daily volume of 839,208 shares. The stock had previously closed at $3.10.
A number of equities research analysts have recently weighed in on BBAR shares. Morgan Stanley downgraded BBVA Banco Frances from an “overweight” rating to an “underweight” rating in a report on Monday, August 12th. ValuEngine upgraded BBVA Banco Frances from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. BBVA Banco Frances has a consensus rating of “Hold” and an average target price of $4.00.
The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.11. The firm has a market capitalization of $645.34 million, a P/E ratio of -17.26 and a beta of 0.65. The stock has a fifty day moving average price of $3.87 and a two-hundred day moving average price of $7.92.
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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