Zacks Investment Research upgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a hold rating to a buy rating in a report published on Friday. The brokerage currently has $9.75 price target 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. “

A number of other brokerages also recently commented on BBVA. BidaskClub downgraded shares of Banco Bilbao Vizcaya Argentaria from a hold rating to a sell rating in a report on Thursday, November 9th. ValuEngine upgraded shares of Banco Bilbao Vizcaya Argentaria from a hold rating to a buy rating in a report on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $9.75.

Shares of Banco Bilbao Vizcaya Argentaria (NYSE BBVA) opened at $8.77 on Friday. The firm has a market cap of $56,998.22, a PE ratio of 13.49, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96. Banco Bilbao Vizcaya Argentaria has a 1-year low of $6.34 and a 1-year high of $9.35. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.05 and a quick ratio of 1.05.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Friday, October 27th. The bank reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $7.27 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 16.46% and a return on equity of 7.49%. equities research analysts anticipate that Banco Bilbao Vizcaya Argentaria will post 0.76 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 13.3% during the third quarter. Parametric Portfolio Associates LLC now owns 4,406,209 shares of the bank’s stock worth $39,303,000 after buying an additional 518,676 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 0.7% during the third quarter. Neuberger Berman Group LLC now owns 865,231 shares of the bank’s stock worth $7,718,000 after buying an additional 6,335 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 226.3% during the third quarter. Cubist Systematic Strategies LLC now owns 72,318 shares of the bank’s stock worth $645,000 after buying an additional 50,158 shares in the last quarter. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the third quarter worth approximately $100,000. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 10.7% in the third quarter. Oppenheimer Asset Management Inc. now owns 664,596 shares of the bank’s stock worth $5,928,000 after acquiring an additional 64,403 shares during the last quarter. Institutional investors and hedge funds own 3.17% of the company’s stock.

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About Banco Bilbao Vizcaya Argentaria

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.

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