Zacks Investment Research Downgrades Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) to Sell

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday, December 6th.

According to Zacks, “Banco Bilbao Vizcaya is engaged in a wide variety of banking, financial and related activities in Spain. “

Other research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. ValuEngine downgraded shares of Banco Bilbao Vizcaya Argentaria from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued 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) traded down $0.02 during mid-day trading on Wednesday, hitting $8.50. 1,550,712 shares of the stock traded hands, compared to its average volume of 2,356,523. The stock has a market capitalization of $55,947.57, a P/E ratio of 13.08, a PEG ratio of 1.21 and a beta of 0.95. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.27. Banco Bilbao Vizcaya Argentaria has a fifty-two week low of $6.34 and a fifty-two week high of $9.35.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its earnings results on Friday, October 27th. The bank reported $0.19 earnings per share for the quarter, meeting the consensus estimate 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%. research analysts forecast that Banco Bilbao Vizcaya Argentaria will post 0.76 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of BBVA. Dorsey & Whitney Trust CO LLC boosted its stake in Banco Bilbao Vizcaya Argentaria by 27.7% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 49,709 shares of the bank’s stock valued at $443,000 after acquiring an additional 10,796 shares during the last quarter. Brown Advisory Inc. boosted its stake in Banco Bilbao Vizcaya Argentaria by 120.7% during the 3rd quarter. Brown Advisory Inc. now owns 39,430 shares of the bank’s stock valued at $352,000 after acquiring an additional 21,566 shares during the last quarter. Harding Loevner LP boosted its stake in Banco Bilbao Vizcaya Argentaria by 718.0% during the 3rd quarter. Harding Loevner LP now owns 224,278,507 shares of the bank’s stock valued at $58,375,000 after acquiring an additional 196,859,082 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Banco Bilbao Vizcaya Argentaria by 2.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,657,342 shares of the bank’s stock valued at $14,786,000 after acquiring an additional 35,330 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in Banco Bilbao Vizcaya Argentaria by 4.3% during the 3rd quarter. Synovus Financial Corp now owns 183,951 shares of the bank’s stock valued at $1,645,000 after acquiring an additional 7,579 shares during the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

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Banco Bilbao Vizcaya Argentaria Company Profile

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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