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

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

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

A number of other brokerages have also commented on BBVA. ValuEngine raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. HSBC raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research note on Wednesday, March 21st. Societe Generale raised Banco Bilbao Vizcaya Argentaria from a “sell” rating to a “hold” rating in a research note on Monday, April 30th. Finally, UBS raised Banco Bilbao Vizcaya Argentaria from a “neutral” rating to a “buy” rating in a research note on Friday, May 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Banco Bilbao Vizcaya Argentaria currently has an average rating of “Hold” and an average price target of $8.27.

NYSE BBVA opened at $7.48 on Wednesday. The stock has a market capitalization of $49.71 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.56 and a beta of 1.13. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.08 and a quick ratio of 1.05. Banco Bilbao Vizcaya Argentaria has a twelve month low of $7.42 and a twelve month high of $9.54.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Friday, April 27th. The bank reported $0.01 earnings per share for the quarter. The firm had revenue of $325.31 million during the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 6.50% and a net margin of 12.30%. equities research analysts predict that Banco Bilbao Vizcaya Argentaria will post 0.85 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its stake in Banco Bilbao Vizcaya Argentaria by 4.3% during the first quarter. Fisher Asset Management LLC now owns 42,001,734 shares of the bank’s stock valued at $331,814,000 after buying an additional 1,729,566 shares during the last quarter. Cambiar Investors LLC boosted its stake in Banco Bilbao Vizcaya Argentaria by 0.7% during the fourth quarter. Cambiar Investors LLC now owns 22,935,056 shares of the bank’s stock valued at $194,948,000 after buying an additional 164,513 shares during the last quarter. BlackRock Inc. boosted its stake in Banco Bilbao Vizcaya Argentaria by 16.1% during the first quarter. BlackRock Inc. now owns 5,555,748 shares of the bank’s stock valued at $43,890,000 after buying an additional 770,298 shares during the last quarter. Aperio Group LLC boosted its stake in Banco Bilbao Vizcaya Argentaria by 3.2% during the first quarter. Aperio Group LLC now owns 2,126,241 shares of the bank’s stock valued at $16,797,000 after buying an additional 66,878 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Banco Bilbao Vizcaya Argentaria by 5,967.8% during the first quarter. Millennium Management LLC now owns 1,817,372 shares of the bank’s stock valued at $14,357,000 after buying an additional 1,787,421 shares during the last quarter. 3.09% of the stock is owned by institutional investors.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services. The company accepts various deposits, such as current and savings accounts, fixed-term deposits, subordinated deposits, and other accounts. It also offers loan products; and foreclosed real-estate assets from residential mortgages and developers, as well as lending to developers.

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