Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Stock Rating Upgraded by ValuEngine

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Wednesday, ValuEngine reports.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “sell” rating in a report on Wednesday. Berenberg Bank cut shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. Credit Suisse Group cut shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 12th. HSBC upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Thursday, August 22nd. Finally, Societe Generale cut shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “sell” rating in a report on Wednesday, June 26th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $6.75.

Shares of Banco Bilbao Vizcaya Argentaria stock traded up $0.04 on Wednesday, reaching $5.03. The company had a trading volume of 2,915,658 shares, compared to its average volume of 3,590,348. The firm’s 50 day moving average price is $4.98 and its two-hundred day moving average price is $5.50. The firm has a market cap of $33.54 billion, a PE ratio of 5.72, a PEG ratio of 3.08 and a beta of 1.03. Banco Bilbao Vizcaya Argentaria has a 52-week low of $4.62 and a 52-week high of $6.44.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Wednesday, July 31st. The bank reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $6.65 billion for 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%. Analysts anticipate that Banco Bilbao Vizcaya Argentaria will post 0.72 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Sage Rhino Capital LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 2nd quarter valued at $77,000. Cresset Asset Management LLC raised its position in Banco Bilbao Vizcaya Argentaria by 108.6% in the 2nd quarter. Cresset Asset Management LLC now owns 52,320 shares of the bank’s stock valued at $291,000 after purchasing an additional 27,241 shares during the last quarter. One Wealth Advisors LLC raised its position in Banco Bilbao Vizcaya Argentaria by 24.5% in the 2nd quarter. One Wealth Advisors LLC now owns 47,361 shares of the bank’s stock valued at $263,000 after purchasing an additional 9,324 shares during the last quarter. Royal Bank of Canada raised its position in Banco Bilbao Vizcaya Argentaria by 9.4% in the 2nd quarter. Royal Bank of Canada now owns 3,339,946 shares of the bank’s stock valued at $18,570,000 after purchasing an additional 285,587 shares during the last quarter. Finally, Eaton Vance Management purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 2nd quarter valued at $276,000. Institutional investors and hedge funds own 2.86% of the company’s stock.

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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Analyst Recommendations for Banco Bilbao Vizcaya Argentaria (NYSE:BBVA)

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