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

Key Points

• Wall Street Zen upgraded BBVA from “Hold” to “Buy,” though broader analyst sentiment remains “Hold,” with one Buy rating and six Hold ratings.
• BBVA shares opened at $28.35, near their 52-week high of $28.65, with a $161.87 billion market capitalization and a price-to-earnings ratio of 12.89.
• The bank reported quarterly EPS of $0.62 on $11.99 billion in revenue, along with an 18.05% return on equity and a 27.75% net margin; institutional investors own 2.96% of the stock.

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.

BBVA has been the subject of a number of other reports. Bank of America cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 15th. Weiss Ratings restated a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Friday, July 31st. UBS Group reaffirmed a "neutral" rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, April 20th. Finally, Barclays downgraded shares of Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Banco Bilbao Viscaya Argentaria presently has an average rating of "Hold".

Banco Bilbao Viscaya Argentaria Stock Up 0.8%

Shares of BBVA opened at $28.35 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.24 and a current ratio of 1.06. Banco Bilbao Viscaya Argentaria has a one year low of $17.77 and a one year high of $28.65. The stock has a market capitalization of $161.87 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.76 and a beta of 0.80. The stock has a 50 day moving average price of $25.14 and a 200 day moving average price of $23.57.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. The firm had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%. Equities research analysts forecast that Banco Bilbao Viscaya Argentaria will post 2.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Basepoint Wealth LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter valued at about $26,000. Root Financial Partners LLC raised its stake in Banco Bilbao Viscaya Argentaria by 59.6% during the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank's stock worth $27,000 after purchasing an additional 426 shares during the period. Whipplewood Advisors LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the first quarter worth about $27,000. Harbour Investments Inc. boosted its holdings in Banco Bilbao Viscaya Argentaria by 84.1% in the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank's stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 50.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank's stock valued at $30,000 after buying an additional 440 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 NYSE: BBVA is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain's largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA's core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.

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