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 note 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. “

A number of other equities analysts also recently commented on the stock. ValuEngine raised shares of Banco Bilbao Vizcaya Argentaria from a strong sell rating to a sell rating in a report on Wednesday, October 2nd. Credit Suisse Group downgraded shares of Banco Bilbao Vizcaya Argentaria from a neutral rating to an underperform rating in a report on Wednesday, June 12th. Berenberg Bank downgraded shares of Banco Bilbao Vizcaya Argentaria from a buy rating to a hold rating in a report on Thursday, September 26th. Societe Generale downgraded shares of Banco Bilbao Vizcaya Argentaria from a hold rating to a sell rating in a report on Wednesday, June 26th. Finally, HSBC raised shares of Banco Bilbao Vizcaya Argentaria from a hold rating to a buy rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Banco Bilbao Vizcaya Argentaria presently has a consensus rating of Hold and an average price target of $6.75.

Shares of NYSE:BBVA opened at $5.18 on Wednesday. The company has a fifty day simple moving average of $5.02 and a 200 day simple moving average of $5.46. The firm has a market cap of $33.21 billion, a PE ratio of 6.15, a price-to-earnings-growth ratio of 2.99 and a beta of 1.03. Banco Bilbao Vizcaya Argentaria has a 12-month low of $4.62 and a 12-month high of $6.44.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Evolution Wealth Advisors LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria during the second quarter valued at $25,000. Dimension Capital Management LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria during the second quarter valued at $60,000. US Bancorp DE boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 16.3% during the second quarter. US Bancorp DE now owns 1,274,896 shares of the bank’s stock valued at $7,089,000 after acquiring an additional 178,830 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 4.3% during the first quarter. PNC Financial Services Group Inc. now owns 354,838 shares of the bank’s stock valued at $2,033,000 after acquiring an additional 14,619 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 34.0% during the second quarter. UBS Asset Management Americas Inc. now owns 583,281 shares of the bank’s stock valued at $3,243,000 after acquiring an additional 148,153 shares during the period. 2.86% of the stock is owned by institutional investors.

Banco Bilbao Vizcaya Argentaria Company Profile

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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