Zacks Investment Research upgraded shares of Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) from a hold rating to a buy rating in a research report sent to investors on Monday morning. Zacks Investment Research currently has $10.00 price objective 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. “

Several other analysts have also issued reports on BBVA. UBS AG upgraded Banco Bilbao Vizcaya Argentaria SA from a sell rating to a neutral rating in a report on Thursday, May 4th. BidaskClub upgraded Banco Bilbao Vizcaya Argentaria SA from a hold rating to a buy rating in a report on Friday, June 30th. Finally, ValuEngine upgraded Banco Bilbao Vizcaya Argentaria SA from a buy rating to a strong-buy rating in a report on Monday, July 24th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $10.00.

Shares of Banco Bilbao Vizcaya Argentaria SA (NASDAQ BBVA) opened at 8.90 on Monday. The firm has a 50 day moving average price of $8.90 and a 200-day moving average price of $8.03. Banco Bilbao Vizcaya Argentaria SA has a 52 week low of $5.78 and a 52 week high of $9.35. The firm has a market capitalization of $59.28 billion and a P/E ratio of 13.38.

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Banco Bilbao Vizcaya Argentaria SA had a return on equity of 9.26% and a net margin of 17.53%. The business had revenue of $6.96 billion during the quarter. Equities research analysts predict that Banco Bilbao Vizcaya Argentaria SA will post $0.61 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in Banco Bilbao Vizcaya Argentaria SA during the fourth quarter valued at $3,258,000. Fox Run Management L.L.C. bought a new position in Banco Bilbao Vizcaya Argentaria SA during the first quarter valued at $148,000. Janney Montgomery Scott LLC raised its position in Banco Bilbao Vizcaya Argentaria SA by 1.8% in the first quarter. Janney Montgomery Scott LLC now owns 134,666 shares of the bank’s stock valued at $1,025,000 after buying an additional 2,378 shares during the period. BB&T Corp raised its position in Banco Bilbao Vizcaya Argentaria SA by 46.9% in the first quarter. BB&T Corp now owns 818,867 shares of the bank’s stock valued at $6,231,000 after buying an additional 261,263 shares during the period. Finally, Greenleaf Trust bought a new position in Banco Bilbao Vizcaya Argentaria SA during the first quarter valued at $233,000.

Banco Bilbao Vizcaya Argentaria SA Company Profile

Banco Bilbao Vizcaya Argentaria, SA (BBVA) is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments include Banking Activity in Spain, Real Estate Activity in Spain, the United States Turkey, Mexico, South America and Rest of Eurasia.

Analyst Recommendations for Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA)

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