Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Lifted 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 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 equities analysts have also commented on the company. Berenberg Bank lowered Banco Bilbao Vizcaya Argentaria from a buy rating to a hold rating in a report on Thursday, September 26th. ValuEngine raised Banco Bilbao Vizcaya Argentaria from a strong sell rating to a sell rating in a report on Wednesday, October 2nd. Finally, HSBC raised Banco Bilbao Vizcaya Argentaria from a hold rating to a buy rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $6.75.

Shares of Banco Bilbao Vizcaya Argentaria stock traded up $0.05 during trading hours on Wednesday, reaching $5.29. 2,491,510 shares of the company were exchanged, compared to its average volume of 3,470,403. Banco Bilbao Vizcaya Argentaria has a 1 year low of $4.62 and a 1 year high of $6.44. The stock’s fifty day moving average is $5.26 and its 200 day moving average is $5.34. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $34.87 billion, a PE ratio of 6.01, a PEG ratio of 3.22 and a beta of 1.05.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $0.19 earnings per share for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 8.52% and a net margin of 20.46%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $5.30 billion. Research analysts expect that Banco Bilbao Vizcaya Argentaria will post 0.7 earnings per share for the current year.

A number of large investors have recently bought and sold shares of BBVA. South Texas Money Management Ltd. increased its holdings in Banco Bilbao Vizcaya Argentaria by 26.6% in the second quarter. South Texas Money Management Ltd. now owns 12,830 shares of the bank’s stock valued at $71,000 after buying an additional 2,697 shares during the last quarter. Boston Private Wealth LLC purchased a new position in Banco Bilbao Vizcaya Argentaria in the second quarter valued at $57,000. Welch Group LLC increased its holdings in Banco Bilbao Vizcaya Argentaria by 51.7% in the second quarter. Welch Group LLC now owns 68,348 shares of the bank’s stock valued at $380,000 after buying an additional 23,295 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new position in Banco Bilbao Vizcaya Argentaria in the second quarter valued at $25,000. Finally, YorkBridge Wealth Partners LLC increased its holdings in Banco Bilbao Vizcaya Argentaria by 21.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 60,076 shares of the bank’s stock valued at $334,000 after buying an additional 10,528 shares during the last quarter. 3.28% of the stock is currently owned by hedge funds and other 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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