Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Upgraded 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 published 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. “

BBVA has been the subject of several other reports. Societe Generale downgraded shares of Banco Bilbao Vizcaya Argentaria from a hold rating to a sell rating in a report on Wednesday, June 26th. Berenberg Bank cut shares of Banco Bilbao Vizcaya Argentaria from a buy rating to a hold rating in a research note on Thursday, September 26th. ValuEngine raised shares of Banco Bilbao Vizcaya Argentaria from a strong sell rating to a sell rating in a research note on Wednesday, October 2nd. HSBC raised shares of Banco Bilbao Vizcaya Argentaria from a hold rating to a buy rating in a research note on Thursday, August 22nd. Finally, Credit Suisse Group cut shares of Banco Bilbao Vizcaya Argentaria from a neutral rating to an underperform rating in a research note on Wednesday, June 12th. 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’s stock. Banco Bilbao Vizcaya Argentaria has a consensus rating of Hold and a consensus target price of $6.75.

BBVA traded up $0.09 during mid-day trading on Wednesday, reaching $5.07. The stock had a trading volume of 44,324 shares, compared to its average volume of 3,496,557. The stock has a market capitalization of $33.21 billion, a P/E ratio of 5.76, a P/E/G ratio of 3.03 and a beta of 1.03. The firm’s fifty day simple moving average is $5.00 and its two-hundred day simple moving average is $5.47. 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 posted 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 analyst estimates 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, equities analysts expect that Banco Bilbao Vizcaya Argentaria will post 0.72 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Evolution Wealth Advisors LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at about $25,000. Tower Research Capital LLC TRC increased its holdings in 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 worth $47,000 after acquiring an additional 7,548 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Banco Bilbao Vizcaya Argentaria by 30.8% in the 2nd quarter. Lindbrook Capital LLC now owns 9,146 shares of the bank’s stock worth $50,000 after acquiring an additional 2,156 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth $52,000. Finally, Boston Private Wealth LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth $57,000. Hedge funds and other institutional investors own 2.86% of the company’s stock.

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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