Banco Bilbao Vizcaya Argentaria (BBVA) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a sell rating to a buy rating in a research report sent to investors on Wednesday morning. The firm currently has $6.25 target price on the bank’s stock.

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. Citigroup upgraded shares of Banco Bilbao Vizcaya Argentaria from a neutral rating to a buy rating in a report on Thursday, October 25th. ValuEngine upgraded shares of Banco Bilbao Vizcaya Argentaria from a strong sell rating to a sell rating in a report on Thursday, August 2nd. JPMorgan Chase & Co. downgraded shares of Banco Bilbao Vizcaya Argentaria from an overweight rating to a neutral rating in a report on Tuesday, September 4th. Finally, UBS Group downgraded shares of Banco Bilbao Vizcaya Argentaria from a buy rating to a hold rating in a report on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $7.02.

NYSE BBVA traded up $0.25 on Wednesday, hitting $5.72. 196,721 shares of the company’s stock were exchanged, compared to its average volume of 3,896,481. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.25 and a quick ratio of 0.25. Banco Bilbao Vizcaya Argentaria has a 52 week low of $5.46 and a 52 week high of $9.54. The stock has a market capitalization of $36.90 billion, a PE ratio of 7.86, a PEG ratio of 0.88 and a beta of 0.88.

A number of hedge funds and other institutional investors have recently bought and sold shares of BBVA. BlackRock Inc. increased its holdings in Banco Bilbao Vizcaya Argentaria by 16.1% in the first quarter. BlackRock Inc. now owns 5,555,748 shares of the bank’s stock valued at $43,890,000 after purchasing an additional 770,298 shares during the period. LPL Financial LLC grew its holdings in Banco Bilbao Vizcaya Argentaria by 12.3% during the 1st quarter. LPL Financial LLC now owns 159,528 shares of the bank’s stock worth $1,260,000 after acquiring an additional 17,494 shares during the period. Millennium Management LLC grew its holdings in Banco Bilbao Vizcaya Argentaria by 5,967.8% during the 1st quarter. Millennium Management LLC now owns 1,817,372 shares of the bank’s stock worth $14,357,000 after acquiring an additional 1,787,421 shares during the period. Fisher Asset Management LLC grew its holdings in Banco Bilbao Vizcaya Argentaria by 3.7% during the 2nd quarter. Fisher Asset Management LLC now owns 43,540,011 shares of the bank’s stock worth $304,780,000 after acquiring an additional 1,538,277 shares during the period. Finally, Scout Investments Inc. grew its holdings in Banco Bilbao Vizcaya Argentaria by 12.9% during the 2nd quarter. Scout Investments Inc. now owns 527,648 shares of the bank’s stock worth $3,694,000 after acquiring an additional 60,305 shares during the period. Institutional investors and hedge funds own 3.13% 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, fixed-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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