Banco Bilbao Vizcaya Argentaria (BBVA) Upgraded by Zacks Investment Research to Buy

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The firm presently has a $9.75 target price on the bank’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 12.33% from the stock’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 brokerages also recently weighed in on BBVA. BidaskClub downgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. ValuEngine upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $9.75.

Shares of Banco Bilbao Vizcaya Argentaria (NYSE BBVA) traded up $0.14 during midday trading on Friday, hitting $8.68. 2,734,900 shares of the company’s stock were exchanged, compared to its average volume of 2,302,833. Banco Bilbao Vizcaya Argentaria has a fifty-two week low of $6.34 and a fifty-two week high of $9.35. The company has a market capitalization of $58,700.00, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 1.20 and a beta of 0.96. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.27.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its earnings results on Friday, October 27th. The bank reported $0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.19. Banco Bilbao Vizcaya Argentaria had a net margin of 16.46% and a return on equity of 7.49%. The business had revenue of $7.27 billion during the quarter. research analysts forecast that Banco Bilbao Vizcaya Argentaria will post 0.76 earnings per share for the current year.

Several large investors have recently bought and sold shares of BBVA. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 27.7% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 49,709 shares of the bank’s stock valued at $443,000 after buying an additional 10,796 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 120.7% during the third quarter. Brown Advisory Inc. now owns 39,430 shares of the bank’s stock valued at $352,000 after buying an additional 21,566 shares during the last quarter. Harding Loevner LP grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 718.0% during the third quarter. Harding Loevner LP now owns 224,278,507 shares of the bank’s stock valued at $58,375,000 after buying an additional 196,859,082 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 2.2% during the third quarter. Envestnet Asset Management Inc. now owns 1,657,342 shares of the bank’s stock valued at $14,786,000 after buying an additional 35,330 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 4.3% during the third quarter. Synovus Financial Corp now owns 183,951 shares of the bank’s stock valued at $1,645,000 after buying an additional 7,579 shares during the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

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About Banco Bilbao Vizcaya Argentaria

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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