Banco Bilbao Vizcaya Argentaria (BBVA) Downgraded to “Hold” at Zacks Investment Research

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

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

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Other analysts have also issued research reports about the stock. HSBC raised shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Wednesday, March 21st. ValuEngine raised shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Santander lowered shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.00.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) traded up $0.17 during trading hours on Monday, hitting $7.82. 2,628,100 shares of the stock were exchanged, compared to its average volume of 4,058,666. Banco Bilbao Vizcaya Argentaria has a 52 week low of $7.22 and a 52 week high of $9.54. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $50,234.61, a PE ratio of 14.22, a P/E/G ratio of 0.99 and a beta of 1.08.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Thursday, February 1st. The bank reported $0.20 earnings per share for the quarter. The business had revenue of $7.49 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 13.74% and a return on equity of 8.63%. analysts anticipate that Banco Bilbao Vizcaya Argentaria will post 0.84 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the third quarter valued at approximately $100,000. Glovista Investments LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria during the 3rd quarter worth $108,000. Welch Investments LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $105,000. Trustcore Financial Services LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $110,000. Finally, Premia Global Advisors LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $129,000. 3.40% of the stock is owned by institutional investors and hedge funds.

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About Banco Bilbao Vizcaya Argentaria

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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