Banco Frances (NYSE:BFR) Rating Increased

In analysts note sent to investors and clients on Tuesday, 13 June, Credit Suisse has increased Banco Frances (NYSE:BFR) stock to Outperform. BFR’s old rating was Underperform.

This stock rating upgrade is welcomed by stock investors, as NYSE:BFR is now trading 1.01% higher at $19.04 as of 2:05 AM New York time. Banco Frances shares have [From2] 0% over the past 200 days, while the S&P 500 Index has gained 6.00% for the same time period.

According to data compiled by Thomson Reuters, Banco Frances (NYSE:BFR)’s stock is covered by 3 equity analysts across the Street, with 2 analysts giving it a Sell rating, 1 a Buy rating, while 1 consider it a Hold. The 12-month consensus target price for the stock is $23.48, which reflects an upside potential of 23.32% over the current price.

Banco Frances (NYSE:BFR) Profile

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.

Banco Frances (NYSE:BFR) traded up 1.01% on 13 June, hitting $19.04. A total of 30,713 shares of the company’s stock traded hands. This is down from average of 230,358 shares. Banco Frances has a 52 week low of $16.20 and a 52 week high of $21.96. The company has a market cap of $3.32 billion and a P/E ratio of 13.27.

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