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

Zacks Investment Research cut shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a buy rating to a hold rating in a research report sent to investors on Monday morning, 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 analysts also recently issued reports on BBVA. UBS Group restated a neutral rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Wednesday, June 9th. Royal Bank of Canada restated an outperform rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Monday, June 28th. Credit Suisse Group restated a neutral rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Tuesday, May 4th. Morgan Stanley reiterated an equal weight rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Wednesday, July 7th. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Thursday, June 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Banco Bilbao Vizcaya Argentaria currently has a consensus rating of Hold and an average price target of $6.50.

Shares of NYSE BBVA opened at $6.17 on Monday. The stock’s 50-day simple moving average is $6.23. The firm has a market cap of $41.14 billion, a price-to-earnings ratio of 8.81 and a beta of 1.45. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. Banco Bilbao Vizcaya Argentaria has a fifty-two week low of $2.49 and a fifty-two week high of $6.53.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Friday, April 30th. The bank reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $6.21 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 7.82% and a net margin of 20.08%. On average, sell-side analysts forecast that Banco Bilbao Vizcaya Argentaria will post 0.57 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Cordasco Financial Network purchased a new position in shares of Banco Bilbao Vizcaya Argentaria in the 1st quarter valued at approximately $25,000. Bessemer Group Inc. purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria in the first quarter valued at approximately $44,000. Sageworth Trust Co purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria in the first quarter valued at approximately $45,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria in the first quarter valued at approximately $61,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria in the first quarter valued at approximately $68,000. Institutional investors own 2.43% of the company’s stock.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, asset management, and private banking 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 funds.

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