Zacks Investment Research Downgrades Banco Bilbao Vizcaya Argentaria (BBVA) to Hold

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

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

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A number of other equities research analysts have also recently issued reports on the stock. Santander cut shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. ValuEngine upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, HSBC upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Wednesday, March 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $8.75.

BBVA stock opened at $7.92 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.05 and a quick ratio of 1.05. Banco Bilbao Vizcaya Argentaria has a 52-week low of $7.22 and a 52-week high of $9.54. The stock has a market cap of $51,350.93, a price-to-earnings ratio of 10.43, a PEG ratio of 1.01 and a beta of 1.16.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. MML Investors Services LLC raised its position in shares of Banco Bilbao Vizcaya Argentaria by 22.2% during the fourth quarter. MML Investors Services LLC now owns 32,365 shares of the bank’s stock valued at $275,000 after buying an additional 5,875 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Banco Bilbao Vizcaya Argentaria by 23.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 32,235 shares of the bank’s stock valued at $274,000 after buying an additional 6,036 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Banco Bilbao Vizcaya Argentaria by 0.7% during the third quarter. Neuberger Berman Group LLC now owns 865,231 shares of the bank’s stock valued at $7,718,000 after buying an additional 6,335 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Banco Bilbao Vizcaya Argentaria by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 293,948 shares of the bank’s stock valued at $2,499,000 after buying an additional 6,486 shares during the last quarter. Finally, Synovus Financial Corp raised its position in shares of Banco Bilbao Vizcaya Argentaria by 4.3% during the third quarter. Synovus Financial Corp now owns 183,951 shares of the bank’s stock valued at $1,645,000 after buying an additional 7,579 shares during the last quarter. 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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