BBVA Banco Frances S.A. (NYSE:BFR) hit a new 52-week high on Monday . The company traded as high as $24.18 and last traded at $23.83, with a volume of 504200 shares. The stock had previously closed at $24.00.

BFR has been the subject of a number of recent research reports. Santander upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research lowered shares of BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a report on Monday, November 20th. Citigroup upgraded shares of BBVA Banco Frances from a “neutral” rating to a “buy” rating in a report on Monday, November 27th. Finally, BidaskClub upgraded shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $23.00.

The firm has a market capitalization of $4,321.86, a price-to-earnings ratio of 13.13 and a beta of 0.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.22 and a quick ratio of 1.22.

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of BBVA Banco Frances in the 3rd quarter worth approximately $102,000. Comerica Bank purchased a new position in shares of BBVA Banco Frances in the third quarter worth $211,000. Wells Fargo & Company MN increased its stake in shares of BBVA Banco Frances by 2.4% in the second quarter. Wells Fargo & Company MN now owns 12,018 shares of the bank’s stock worth $227,000 after buying an additional 277 shares during the period. Fisher Asset Management LLC increased its stake in shares of BBVA Banco Frances by 12.3% in the third quarter. Fisher Asset Management LLC now owns 22,947 shares of the bank’s stock worth $468,000 after buying an additional 2,506 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in shares of BBVA Banco Frances in the second quarter worth $843,000. Hedge funds and other institutional investors own 16.02% of the company’s stock.

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BBVA Banco Frances Company Profile

BBVA Banco Frances SA (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.

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