Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm presently has a $9.75 price target on the bank’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.98% 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. “

A number of other research firms have also issued reports on BBVA. BidaskClub raised shares of Banco Bilbao Vizcaya Argentaria SA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. ValuEngine lowered shares of Banco Bilbao Vizcaya Argentaria SA from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $9.75.

Banco Bilbao Vizcaya Argentaria SA (NASDAQ BBVA) traded down 0.46% on Friday, reaching $8.63. 3,253,540 shares of the company traded hands. The company has a 50-day moving average price of $8.92 and a 200-day moving average price of $8.16. The company has a market capitalization of $57.48 billion and a P/E ratio of 13.04. Banco Bilbao Vizcaya Argentaria SA has a 12 month low of $5.78 and a 12 month high of $9.35.

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) last posted its earnings results on Friday, July 28th. The bank reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $6.96 billion during the quarter. Banco Bilbao Vizcaya Argentaria SA had a net margin of 17.53% and a return on equity of 9.26%. Equities research analysts expect that Banco Bilbao Vizcaya Argentaria SA will post $0.61 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/08/banco-bilbao-vizcaya-argentaria-sa-bbva-lifted-to-buy-at-zacks-investment-research.html.

A number of institutional investors have recently bought and sold shares of BBVA. Ronald Blue & Co. LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria SA in the 1st quarter worth approximately $100,000. Johnson Financial Group LLC lifted its stake in shares of Banco Bilbao Vizcaya Argentaria SA by 10.8% in the 1st quarter. Johnson Financial Group LLC now owns 14,225 shares of the bank’s stock worth $108,000 after acquiring an additional 1,382 shares during the period. CAPROCK Group Inc. acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria SA in the 2nd quarter worth approximately $109,000. Proficio Capital Partners LLC lifted its stake in shares of Banco Bilbao Vizcaya Argentaria SA by 59.4% in the 1st quarter. Proficio Capital Partners LLC now owns 13,103 shares of the bank’s stock worth $110,000 after acquiring an additional 4,884 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria SA in the 1st quarter worth approximately $125,000.

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.

Get a free copy of the Zacks research report on Banco Bilbao Vizcaya Argentaria SA (BBVA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Banco Bilbao Vizcaya Argentaria SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bilbao Vizcaya Argentaria SA and related companies with MarketBeat.com's FREE daily email newsletter.