Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $9.25 price objective on the bank’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.58% from the company’s current price.

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

BBVA has been the topic of a number of other reports. Societe Generale initiated coverage on Banco Bilbao Vizcaya Argentaria SA in a report on Thursday, February 23rd. They set a “sell” rating on the stock. Keefe, Bruyette & Woods cut Banco Bilbao Vizcaya Argentaria SA from a “market perform” rating to an “underperform” rating in a report on Thursday, February 2nd. JPMorgan Chase & Co. raised Banco Bilbao Vizcaya Argentaria SA from a “neutral” rating to an “overweight” rating in a report on Wednesday, February 15th. Finally, Barclays PLC raised Banco Bilbao Vizcaya Argentaria SA from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 22nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.48.

Analyst Recommendations for Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA)

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) traded up 1.47% during mid-day trading on Tuesday, hitting $8.29. The stock had a trading volume of 2,823,304 shares. The company’s 50 day moving average price is $7.84 and its 200 day moving average price is $7.03. Banco Bilbao Vizcaya Argentaria SA has a 52 week low of $5.14 and a 52 week high of $8.70. The firm has a market cap of $54.41 billion and a PE ratio of 13.24.

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) last announced its quarterly earnings data on Thursday, April 27th. The bank reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.02. The firm had revenue of $6.80 billion for the quarter. Analysts anticipate that Banco Bilbao Vizcaya Argentaria SA will post $0.61 earnings per share for the current year.

The business also recently declared a special dividend, which was paid on Tuesday, May 2nd. Investors of record on Tuesday, April 4th were given a dividend of $0.114 per share. This is a positive change from Banco Bilbao Vizcaya Argentaria SA’s previous special dividend of $0.07. The ex-dividend date was Friday, March 31st.

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A number of institutional investors have recently bought and sold shares of the company. BOKF NA raised its position in Banco Bilbao Vizcaya Argentaria SA by 14.1% in the third quarter. BOKF NA now owns 30,031 shares of the bank’s stock valued at $179,000 after buying an additional 3,717 shares during the last quarter. Keybank National Association OH raised its position in Banco Bilbao Vizcaya Argentaria SA by 143.5% in the fourth quarter. Keybank National Association OH now owns 330,898 shares of the bank’s stock valued at $2,240,000 after buying an additional 194,991 shares during the last quarter. Guggenheim Capital LLC raised its position in Banco Bilbao Vizcaya Argentaria SA by 530.2% in the fourth quarter. Guggenheim Capital LLC now owns 445,638 shares of the bank’s stock valued at $3,017,000 after buying an additional 374,923 shares during the last quarter. Harding Loevner LP raised its position in Banco Bilbao Vizcaya Argentaria SA by 8.1% in the first quarter. Harding Loevner LP now owns 25,803,741 shares of the bank’s stock valued at $196,367,000 after buying an additional 1,932,610 shares during the last quarter. Finally, Norges Bank bought a new position in Banco Bilbao Vizcaya Argentaria SA during the fourth quarter valued at about $3,258,000.

About Banco Bilbao Vizcaya Argentaria SA

Banco Bilbao Vizcaya Argentaria, SA (BBVA) is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments include Banking Activity in Spain, Real Estate Activity in Spain, the United States Turkey, Mexico, South America and Rest of Eurasia.

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