Could BBVA Banco Frances S.A. (ADR) (BFR) Change Direction After Today’s Huge Increase?

September 17, 2017 - By Vivian Park

The stock of BBVA Banco Frances S.A. (ADR) (NYSE:BFR) is a huge mover today! The stock increased 4.29% or $0.77 on September 15, reaching $18.7. About 882,350 shares traded or 62.23% up from the average. BBVA Banco Frances S.A. (ADR) (NYSE:BFR) has declined 5.21% since September 17, 2016 and is downtrending. It has underperformed by 21.91% the S&P500.
The move comes after 6 months positive chart setup for the $3.81 billion company. It was reported on Sep, 17 by We have $20.01 PT which if reached, will make NYSE:BFR worth $266.70M more.

Analysts await BBVA Banco Frances S.A. (ADR) (NYSE:BFR) to report earnings on November, 9. They expect $0.40 earnings per share, up 14.29 % or $0.05 from last year’s $0.35 per share. BFR’s profit will be $81.50 million for 11.69 P/E if the $0.40 EPS becomes a reality. After $-0.10 actual earnings per share reported by BBVA Banco Frances S.A. (ADR) for the previous quarter, Wall Street now forecasts -500.00 % EPS growth.

BBVA Banco Frances S.A. (ADR) (NYSE:BFR) Ratings Coverage

Among 2 analysts covering BBVA Banco Frances SA (NYSE:BFR), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. BBVA Banco Frances SA had 3 analyst reports since November 12, 2015 according to SRatingsIntel. The stock of BBVA Banco Frances S.A. (ADR) (NYSE:BFR) has “Underperform” rating given on Tuesday, March 29 by Credit Suisse. Credit Suisse upgraded BBVA Banco Frances S.A. (ADR) (NYSE:BFR) on Tuesday, June 13 to “Buy” rating. The rating was downgraded by Raymond James on Thursday, November 12 to “Market Perform”.

More notable recent BBVA Banco Frances S.A. (ADR) (NYSE:BFR) news were published by: which released: “45.92” on March 12, 2011, also with their article: “18.3909” published on December 21, 2009, published: “BBVA Banco Frances SA ADR” on February 11, 2011. More interesting news about BBVA Banco Frances S.A. (ADR) (NYSE:BFR) were released by: and their article: “BBVA Banco Frances: Well Positioned To Ride Out Challenging Economic Times” published on November 03, 2011 as well as‘s news article titled: “17 High Dividend ADRs With Tremendous Growth Rates” with publication date: June 03, 2011.

BBVA Banco Frances S.A. is a well-known provider of financial services to large firms, small and medium-size companies (SMEs), as well as individual customers. The company has market cap of $3.81 billion. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. It has a 20.01 P/E ratio. The Bank has all its operations, property and clients located in Argentina.

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