Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

A number of other brokerages have also recently commented on BBVA. Barclays cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Bank of America lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Up 0.8%

Shares of NYSE:BBVA opened at $28.35 on Friday. The company has a market cap of $161.87 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.76 and a beta of 0.80. Banco Bilbao Viscaya Argentaria has a 12 month low of $17.77 and a 12 month high of $28.65. The company has a current ratio of 1.06, a quick ratio of 0.24 and a debt-to-equity ratio of 1.77. The company has a 50-day moving average price of $25.14 and a 200 day moving average price of $23.57.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%.The company had revenue of $11.99 billion for the quarter. As a group, equities research analysts predict that Banco Bilbao Viscaya Argentaria will post 2.37 earnings per share for the current year.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

Several hedge funds and other institutional investors have recently modified their holdings of the business. Basepoint Wealth LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the 4th quarter valued at $26,000. Root Financial Partners LLC increased its stake in Banco Bilbao Viscaya Argentaria by 59.6% in the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after purchasing an additional 426 shares during the period. Whipplewood Advisors LLC purchased a new stake in Banco Bilbao Viscaya Argentaria in the first quarter worth $27,000. Harbour Investments Inc. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 84.1% during the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock worth $29,000 after purchasing an additional 575 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 50.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock worth $30,000 after purchasing an additional 440 shares during the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.