Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Raised to Buy at Wall Street Zen

Key Points

• Banco Bilbao Viscaya Argentaria (NYSE:BBVA) was upgraded from a "hold" to a "buy" rating by Wall Street Zen in a recent research report, indicating a positive market outlook for the stock.
• Other analysts also upgraded BBVA, with Barclays raising its rating to "overweight" and Weiss Ratings maintaining a "buy (b)" rating, contributing to a consensus "Buy" rating for the stock.
• The bank reported a quarterly earnings per share of $0.52, exceeding analyst expectations, and has shown strong performance with a market capitalization of $105.46 billion.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

A number of other brokerages also recently commented on BBVA. Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of NYSE:BBVA opened at $18.07 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. The business's 50 day moving average price is $18.68 and its 200-day moving average price is $16.00. The firm has a market capitalization of $105.46 billion, a PE ratio of 9.51, a P/E/G ratio of 0.98 and a beta of 1.19. Banco Bilbao Viscaya Argentaria has a 1 year low of $9.23 and a 1 year high of $19.42.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%.The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.24 billion. As a group, equities research analysts expect that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Navigoe LLC purchased a new stake in Banco Bilbao Viscaya Argentaria in the third quarter valued at $26,000. Trust Point Inc. raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 24.5% in the 3rd quarter. Trust Point Inc. now owns 14,864 shares of the bank's stock valued at $286,000 after buying an additional 2,926 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 5.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 59,733 shares of the bank's stock valued at $1,150,000 after buying an additional 3,254 shares during the period. Riversedge Advisors LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the 3rd quarter valued at $211,000. Finally, GAMMA Investing LLC raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 14.4% in the 3rd quarter. GAMMA Investing LLC now owns 22,980 shares of the bank's stock valued at $442,000 after buying an additional 2,885 shares during the period. Hedge funds and other institutional investors own 2.96% of the company's stock.

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.

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