Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Rating Lowered to Sell at Zacks Investment Research

Banco Bilbao Vizcaya Argentaria (NYSE:BBVAGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday, Zacks.com reports.

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

A number of other research firms also recently weighed in on BBVA. Morgan Stanley upped their price target on Banco Bilbao Vizcaya Argentaria from €7.00 ($7.50) to €7.30 ($7.82) and gave the stock an “overweight” rating in a research report on Tuesday, February 15th. UBS Group raised their price target on Banco Bilbao Vizcaya Argentaria from €6.20 ($6.64) to €6.30 ($6.75) and gave the company a “neutral” rating in a report on Thursday, January 27th. JPMorgan Chase & Co. cut Banco Bilbao Vizcaya Argentaria from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from €7.30 ($7.82) to €6.20 ($6.64) in a research report on Monday, March 14th. StockNews.com started coverage on Banco Bilbao Vizcaya Argentaria in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Oddo Bhf cut Banco Bilbao Vizcaya Argentaria from an “outperform” rating to a “neutral” rating in a research report on Friday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.61.

BBVA stock traded down $0.05 on Monday, reaching $5.29. 2,417,314 shares of the company were exchanged, compared to its average volume of 2,959,296. Banco Bilbao Vizcaya Argentaria has a 12 month low of $4.76 and a 12 month high of $7.26. The stock’s fifty day moving average price is $5.73 and its 200 day moving average price is $6.10. The firm has a market capitalization of $35.27 billion, a PE ratio of 6.70 and a beta of 1.49. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.03 and a quick ratio of 1.01.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVAGet Rating) last issued its earnings results on Thursday, February 3rd. The bank reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. The company had revenue of $6.26 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 22.03% and a return on equity of 8.63%. As a group, research analysts expect that Banco Bilbao Vizcaya Argentaria will post 0.77 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. DeDora Capital Inc. bought a new position in shares of Banco Bilbao Vizcaya Argentaria during the 1st quarter valued at about $28,000. CWM LLC raised its holdings in Banco Bilbao Vizcaya Argentaria by 249.4% during the 1st quarter. CWM LLC now owns 5,146 shares of the bank’s stock valued at $29,000 after buying an additional 3,673 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Banco Bilbao Vizcaya Argentaria by 149.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,350 shares of the bank’s stock valued at $34,000 after buying an additional 3,205 shares during the last quarter. Cordasco Financial Network increased its position in Banco Bilbao Vizcaya Argentaria by 34.4% during the 3rd quarter. Cordasco Financial Network now owns 6,315 shares of the bank’s stock valued at $42,000 after purchasing an additional 1,615 shares during the period. Finally, Sageworth Trust Co of South Dakota purchased a new position in Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 9.59% of the company’s stock.

About Banco Bilbao Vizcaya Argentaria (Get Rating)

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan products; deals in securities; and manages pension and investment funds.

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