Why Banco Bilbao Shares Are on the Rise

Banco Bilbao ( (BBVA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.

Banco Bilbao Viscaya Argentaria (BBVA) shares have been on the rise following an upgrade by Bank of America Securities analyst Antonio Reale, who raised the stock to a “Buy” rating. This comes with a new price target of EUR13.00, reflecting optimism about BBVA’s future prospects. The positive sentiment is part of a broader trend in the financial sector, where analysts hold a “Moderate Buy” consensus for the bank. With the recent closing price at $10.11, the updated price targets suggest there is room for growth.

More about Banco Bilbao

YTD Price Performance: 6.53%

Average Trading Volume: 1,547,122

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $58.58B

For further insights into BBVA stock on TipRanks’ Stock Analysis page.

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