Zacks Investment Research Upgrades Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) to “Hold”

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Banco Bilbao Vizcaya is engaged in a wide variety of banking, financial and related activities in Spain. “

Several other equities research analysts also recently issued reports on BBVA. Berenberg Bank downgraded Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. ValuEngine raised Banco Bilbao Vizcaya Argentaria from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, HSBC raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Banco Bilbao Vizcaya Argentaria currently has a consensus rating of “Hold” and an average target price of $6.75.

Banco Bilbao Vizcaya Argentaria stock traded up $0.05 during mid-day trading on Wednesday, hitting $5.29. The company’s stock had a trading volume of 2,491,510 shares, compared to its average volume of 3,470,403. The firm’s 50 day moving average is $5.26 and its 200 day moving average is $5.34. The company has a market cap of $34.87 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 3.22 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.09 and a quick ratio of 1.09. Banco Bilbao Vizcaya Argentaria has a 52-week low of $4.62 and a 52-week high of $6.44.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings data on Thursday, October 31st. The bank reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $5.30 billion. Banco Bilbao Vizcaya Argentaria had a return on equity of 8.52% and a net margin of 20.46%. As a group, analysts forecast that Banco Bilbao Vizcaya Argentaria will post 0.7 EPS for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 133.1% during the 2nd quarter. Morgan Stanley now owns 2,154,019 shares of the bank’s stock worth $11,977,000 after purchasing an additional 1,229,829 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 2nd quarter worth about $25,000. Dimension Capital Management LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 2nd quarter worth about $60,000. US Bancorp DE raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 16.3% during the 2nd quarter. US Bancorp DE now owns 1,274,896 shares of the bank’s stock worth $7,089,000 after purchasing an additional 178,830 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 34.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 583,281 shares of the bank’s stock worth $3,243,000 after purchasing an additional 148,153 shares in the last quarter. 3.28% of the stock is owned by institutional investors.

Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services. The company accepts various deposits, such as current and savings accounts, term deposits, subordinated deposits, and other accounts. It also offers loan products; and foreclosed real-estate assets from residential mortgages and developers, as well as lending to developers.

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Analyst Recommendations for Banco Bilbao Vizcaya Argentaria (NYSE:BBVA)

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