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 report released on Monday. The firm currently has a $8.75 target price on the bank’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.32% from the company’s previous close.

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

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Several other brokerages have also commented on BBVA. HSBC upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Wednesday, March 21st. ValuEngine upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Santander lowered shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.75.

Shares of Banco Bilbao Vizcaya Argentaria stock traded down $0.11 during trading on Monday, reaching $7.79. 2,393,205 shares of the stock were exchanged, compared to its average volume of 4,033,061. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.20. The firm has a market cap of $51,876.26, a P/E ratio of 10.67, a P/E/G ratio of 1.02 and a beta of 1.16. Banco Bilbao Vizcaya Argentaria has a 1 year low of $7.22 and a 1 year high of $9.54.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its earnings results on Thursday, February 1st. The bank reported $0.20 earnings per share for the quarter. The company had revenue of $7.49 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 13.74% and a return on equity of 8.63%. research analysts forecast that Banco Bilbao Vizcaya Argentaria will post 0.84 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of BBVA. MML Investors Services LLC increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 22.2% during the fourth quarter. MML Investors Services LLC now owns 32,365 shares of the bank’s stock valued at $275,000 after purchasing an additional 5,875 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 23.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 32,235 shares of the bank’s stock valued at $274,000 after purchasing an additional 6,036 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 0.7% during the third quarter. Neuberger Berman Group LLC now owns 865,231 shares of the bank’s stock valued at $7,718,000 after purchasing an additional 6,335 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 293,948 shares of the bank’s stock valued at $2,499,000 after purchasing an additional 6,486 shares in the last quarter. Finally, Synovus Financial Corp increased its stake 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 purchasing an additional 7,579 shares in the last quarter. Institutional investors and hedge funds own 3.40% 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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