Banco Bilbao Vizcaya Argentaria SA (BBVA) Upgraded to “Strong-Buy” by ValuEngine

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Monday, July 24th.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Banco Bilbao Vizcaya Argentaria SA from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a report on Monday, March 27th. BidaskClub raised shares of Banco Bilbao Vizcaya Argentaria SA from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Finally, UBS AG raised shares of Banco Bilbao Vizcaya Argentaria SA from a “sell” rating to a “neutral” rating in a report on Thursday, May 4th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.75.

Banco Bilbao Vizcaya Argentaria SA (BBVA) opened at 8.79 on Monday. The stock has a market cap of $58.54 billion and a PE ratio of 13.16. Banco Bilbao Vizcaya Argentaria SA has a 52 week low of $5.72 and a 52 week high of $9.35. The company’s 50-day moving average is $8.79 and its 200 day moving average is $7.87.

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) last released its earnings results on Friday, July 28th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Banco Bilbao Vizcaya Argentaria SA had a net margin of 18.03% and a return on equity of 10.08%. The company had revenue of $6.96 billion during the quarter. On average, analysts expect that Banco Bilbao Vizcaya Argentaria SA will post $0.61 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC increased its position in Banco Bilbao Vizcaya Argentaria SA by 348,907.9% in the second quarter. Fisher Asset Management LLC now owns 36,534,142 shares of the bank’s stock worth $305,425,000 after buying an additional 36,523,674 shares in the last quarter. Aristotle Capital Management LLC increased its position in Banco Bilbao Vizcaya Argentaria SA by 12.2% in the first quarter. Aristotle Capital Management LLC now owns 33,750,761 shares of the bank’s stock worth $256,911,000 after buying an additional 3,676,506 shares in the last quarter. Bank of America Corp DE increased its position in Banco Bilbao Vizcaya Argentaria SA by 24.9% in the first quarter. Bank of America Corp DE now owns 10,489,427 shares of the bank’s stock worth $79,825,000 after buying an additional 2,092,037 shares in the last quarter. Harding Loevner LP increased 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 worth $196,367,000 after buying an additional 1,932,610 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in Banco Bilbao Vizcaya Argentaria SA during the first quarter worth approximately $11,273,000.

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

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