BBVA Banco Francés (NASDAQ:BBAR) Stock Rating Lowered by Zacks Investment Research

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Zacks Investment Research lowered shares of BBVA Banco Francés (NASDAQ:BBAR) from a buy rating to a hold rating in a report published on Friday, Zacks.com reports.

According to Zacks, “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. “

Shares of BBAR opened at $10.86 on Friday. BBVA Banco Francés has a fifty-two week low of $6.57 and a fifty-two week high of $14.23.

BBVA Banco Francés (NASDAQ:BBAR) last announced its quarterly earnings results on Friday, May 10th. The company reported $0.37 earnings per share for the quarter. The company had revenue of $256.23 million during the quarter.

BBVA Banco Francés Company Profile

BBVA Banco Francés SA provides various banking products and services to individuals and companies in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company accepts checking, savings, and current accounts, as well as time and demand deposits. It also provides personal and auto loans, and mortgages; loans to the government sector, central bank, and financial institutions, as well as overdraft lines of credit, discounted instruments, real estate mortgage loans, pledge loans, consumer loans, and pre-financing and export financing.

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