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

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Zacks Investment Research downgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a hold rating to a strong sell rating in a research report released on Tuesday.

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

BBVA has been the subject of several other research reports. ValuEngine downgraded shares of Banco Bilbao Vizcaya Argentaria from a buy rating to a hold rating in a report on Tuesday, May 1st. HSBC raised shares of Banco Bilbao Vizcaya Argentaria from a hold rating to a buy rating in a report on Wednesday, March 21st. Societe Generale raised shares of Banco Bilbao Vizcaya Argentaria from a sell rating to a hold rating in a report on Monday, April 30th. Finally, UBS Group raised shares of Banco Bilbao Vizcaya Argentaria from a neutral rating to a buy rating in a report on Friday, May 4th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Banco Bilbao Vizcaya Argentaria currently has an average rating of Hold and a consensus target price of $8.27.

Banco Bilbao Vizcaya Argentaria stock opened at $7.00 on Tuesday. Banco Bilbao Vizcaya Argentaria has a 12 month low of $6.65 and a 12 month high of $9.54. The firm has a market capitalization of $45.11 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 0.77 and a beta of 1.10. 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 (NYSE:BBVA) last announced its quarterly earnings results on Friday, April 27th. The bank reported $0.01 earnings per share (EPS) for the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 12.30% and a return on equity of 6.50%. The company had revenue of $325.31 million during the quarter. analysts anticipate that Banco Bilbao Vizcaya Argentaria will post 0.85 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of BBVA. Millennium Management LLC raised its stake in shares of 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 purchasing an additional 1,787,421 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of 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 purchasing an additional 1,729,566 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the fourth quarter valued at about $11,653,000. Summit Trail Advisors LLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 745.9% during the first quarter. Summit Trail Advisors LLC now owns 1,388,630 shares of the bank’s stock valued at $1,389,000 after purchasing an additional 1,224,463 shares in the last quarter. Finally, Jefferies Group LLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 1,448.8% during the fourth quarter. Jefferies Group LLC now owns 929,903 shares of the bank’s stock valued at $7,904,000 after purchasing an additional 869,864 shares in the last quarter. Institutional investors and hedge funds own 3.09% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Company Profile

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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