Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a sell rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

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

Several other analysts also recently issued reports on BBVA. Credit Suisse Group downgraded Banco Bilbao Vizcaya Argentaria from a neutral rating to an underperform rating in a report on Wednesday, June 12th. Societe Generale downgraded Banco Bilbao Vizcaya Argentaria from a hold rating to a sell rating in a report on Wednesday, June 26th. Berenberg Bank cut Banco Bilbao Vizcaya Argentaria from a buy rating to a hold rating in a research note on Thursday, September 26th. ValuEngine raised Banco Bilbao Vizcaya Argentaria from a strong sell rating to a sell rating in a research note on Wednesday, October 2nd. Finally, HSBC raised Banco Bilbao Vizcaya Argentaria from a hold rating to a buy rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Banco Bilbao Vizcaya Argentaria currently has an average rating of Hold and a consensus price target of $6.75.

NYSE BBVA opened at $5.18 on Wednesday. The stock’s 50-day moving average price is $5.02 and its two-hundred day moving average price is $5.46. The company has a market cap of $33.21 billion, a PE ratio of 6.15, a PEG ratio of 2.99 and a beta of 1.03. Banco Bilbao Vizcaya Argentaria has a 1 year low of $4.62 and a 1 year high of $6.44.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Wednesday, July 31st. The bank reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.58 billion. Banco Bilbao Vizcaya Argentaria had a return on equity of 9.62% and a net margin of 23.08%. On average, research analysts forecast that Banco Bilbao Vizcaya Argentaria will post 0.72 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in BBVA. Evolution Wealth Advisors LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at about $25,000. Tower Research Capital LLC TRC grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 916.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,372 shares of the bank’s stock valued at $47,000 after buying an additional 7,548 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 30.8% in the 2nd quarter. Lindbrook Capital LLC now owns 9,146 shares of the bank’s stock valued at $50,000 after buying an additional 2,156 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 2nd quarter valued at approximately $52,000. Finally, Boston Private Wealth LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 2nd quarter valued at approximately $57,000. 2.86% of the stock is currently owned by institutional investors.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services. The company accepts various deposits, such as current and savings accounts, term deposits, subordinated deposits, and other accounts. It also offers loan products; and foreclosed real-estate assets from residential mortgages and developers, as well as lending to developers.

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