Zacks Investment Research Upgrades Banco Bilbao Vizcaya Argentaria (BBVA) 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 Tuesday. The firm presently has a $10.00 price objective on the bank’s stock. Zacks Investment Research‘s target price points to a potential upside of 8.23% 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. “

Other analysts also recently issued reports about the company. Santander downgraded Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. BidaskClub downgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, ValuEngine upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.00.

Banco Bilbao Vizcaya Argentaria (NYSE BBVA) traded down $0.02 during mid-day trading on Tuesday, reaching $9.24. The company had a trading volume of 2,015,757 shares, compared to its average volume of 2,391,053. Banco Bilbao Vizcaya Argentaria has a one year low of $6.34 and a one year high of $9.35. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.27. The company has a market cap of $61,140.00, a price-to-earnings ratio of 12.49, a PEG ratio of 1.28 and a beta of 0.96.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data 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 return on equity of 7.49% and a net margin of 16.46%. The company had revenue of $7.27 billion during the quarter. equities research analysts predict that Banco Bilbao Vizcaya Argentaria will post 0.76 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Beacon Investment Advisory Services Inc. purchased a new position in shares of Banco Bilbao Vizcaya Argentaria in the 3rd quarter worth $100,000. Glovista Investments LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria in the 3rd quarter worth $108,000. Acadian Asset Management LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the fourth quarter valued at $147,000. Brown Advisory Inc. lifted its position in 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 purchasing an additional 21,566 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in 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 purchasing an additional 10,796 shares in the last quarter. Hedge funds and other institutional investors own 3.16% of the company’s stock.

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Banco Bilbao Vizcaya Argentaria Company Profile

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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