Banco Bilbao Vizcaya Argentaria (BBVA) Downgraded by JPMorgan Chase & Co.

Share on StockTwits

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports.

BBVA has been the topic of several other reports. ValuEngine downgraded shares of Banco Bilbao Vizcaya Argentaria from a “sell” rating to a “strong sell” rating in a report on Friday, June 1st. Zacks Investment Research downgraded shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Wednesday, May 23rd. Finally, UBS Group downgraded shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $7.90.

NYSE:BBVA opened at $6.24 on Tuesday. Banco Bilbao Vizcaya Argentaria has a one year low of $6.00 and a one year high of $9.54. The firm has a market capitalization of $40.71 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 0.85 and a beta of 0.97. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.05 and a current ratio of 0.26.

Several large investors have recently added to or reduced their stakes in the business. HRT Financial LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the second quarter valued at about $154,000. Delpha Capital Management LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the first quarter valued at about $177,000. Hayek Kallen Investment Management grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 39.4% in the first quarter. Hayek Kallen Investment Management now owns 23,408 shares of the bank’s stock valued at $185,000 after acquiring an additional 6,612 shares in the last quarter. Brandes Investment Partners LP grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 56.5% in the second quarter. Brandes Investment Partners LP now owns 23,926 shares of the bank’s stock valued at $167,000 after acquiring an additional 8,642 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 60.4% in the second quarter. Tower Research Capital LLC TRC now owns 26,997 shares of the bank’s stock valued at $189,000 after acquiring an additional 10,166 shares in the last quarter. Hedge funds and other institutional investors own 3.14% of the company’s stock.

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.

Featured Article: The Role of a Fiduciary and Individual Investors

Analyst Recommendations for Banco Bilbao Vizcaya Argentaria (NYSE:BBVA)

Receive News & Ratings for Banco Bilbao Vizcaya Argentaria Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bilbao Vizcaya Argentaria and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply