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

Zacks Investment Research upgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVAGet Rating) from a sell rating to a hold rating in a research report report published on Thursday, Zacks.com reports.

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 research reports. The Goldman Sachs Group initiated coverage on shares of Banco Bilbao Vizcaya Argentaria in a report on Wednesday, March 30th. They set a neutral rating for the company. Royal Bank of Canada boosted their price objective on Banco Bilbao Vizcaya Argentaria from €5.90 ($6.21) to €6.40 ($6.74) in a research report on Tuesday. Morgan Stanley lifted their target price on Banco Bilbao Vizcaya Argentaria from €7.00 ($7.37) to €7.30 ($7.68) and gave the company an overweight rating in a research note on Tuesday, February 15th. Credit Suisse Group lifted their price objective on shares of Banco Bilbao Vizcaya Argentaria from €5.20 ($5.47) to €5.40 ($5.68) and gave the company a neutral rating in a research note on Friday, February 4th. Finally, AlphaValue raised shares of Banco Bilbao Vizcaya Argentaria to a buy rating in a research note on Tuesday, February 15th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Banco Bilbao Vizcaya Argentaria has an average rating of Hold and a consensus price target of $6.61.

Shares of Banco Bilbao Vizcaya Argentaria stock traded up $0.14 on Thursday, reaching $5.00. 105,472 shares of the company were exchanged, compared to its average volume of 2,215,961. Banco Bilbao Vizcaya Argentaria has a 1-year low of $4.76 and a 1-year high of $7.26. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average is $5.41 and its two-hundred day moving average is $5.94.

The business also recently announced a semi-annual dividend, which was paid on Monday, April 25th. Stockholders of record on Thursday, April 7th were given a dividend of $0.2611 per share. The ex-dividend date of this dividend was Wednesday, April 6th. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.09. This represents a dividend yield of 4.4%. Banco Bilbao Vizcaya Argentaria’s payout ratio is 47.06%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. DeDora Capital Inc. purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the first quarter valued at $28,000. CWM LLC increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 249.4% in the 1st quarter. CWM LLC now owns 5,146 shares of the bank’s stock valued at $29,000 after purchasing an additional 3,673 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 149.4% in the third quarter. Rockefeller Capital Management L.P. now owns 5,350 shares of the bank’s stock worth $34,000 after acquiring an additional 3,205 shares during the last quarter. Tcwp LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the 1st quarter worth about $35,000. Finally, Cordasco Financial Network raised its position in Banco Bilbao Vizcaya Argentaria by 34.4% during the third quarter. Cordasco Financial Network now owns 6,315 shares of the bank’s stock valued at $42,000 after acquiring an additional 1,615 shares in the last quarter.

About Banco Bilbao Vizcaya Argentaria (Get Rating)

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan products; deals in securities; and manages pension and investment funds.

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