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

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

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 reports. Redburn Partners downgraded shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to a “sell” rating in a report on Tuesday, August 11th. Berenberg Bank reaffirmed a “sell” rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Thursday, September 17th. Morgan Stanley reiterated an “equal weight” rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Thursday, August 6th. Finally, UBS Group restated a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Friday, July 31st. Four analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Banco Bilbao Vizcaya Argentaria currently has a consensus rating of “Hold” and an average price target of $3.25.

NYSE BBVA traded up $0.04 during trading on Wednesday, hitting $2.74. 3,226,582 shares of the company’s stock were exchanged, compared to its average volume of 4,768,053. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 1.30. The company has a market cap of $18.00 billion, a PE ratio of -34.25 and a beta of 1.08. Banco Bilbao Vizcaya Argentaria has a fifty-two week low of $2.49 and a fifty-two week high of $5.80. The stock’s 50 day moving average price is $2.88 and its two-hundred day moving average price is $3.15.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $0.09 earnings per share for the quarter. The company had revenue of $6.12 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a negative net margin of 0.33% and a positive return on equity of 6.32%. Analysts forecast that Banco Bilbao Vizcaya Argentaria will post 0.06 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG boosted its holdings in Banco Bilbao Vizcaya Argentaria by 118.5% in the first quarter. UBS Group AG now owns 171,694 shares of the bank’s stock valued at $525,000 after acquiring an additional 93,121 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Banco Bilbao Vizcaya Argentaria by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 156,758 shares of the bank’s stock worth $480,000 after buying an additional 8,187 shares during the period. PNC Financial Services Group Inc. raised its stake in Banco Bilbao Vizcaya Argentaria by 3.4% during the first quarter. PNC Financial Services Group Inc. now owns 122,607 shares of the bank’s stock worth $375,000 after buying an additional 4,029 shares during the last quarter. State Street Corp bought a new position in Banco Bilbao Vizcaya Argentaria during the first quarter worth $48,000. Finally, JustInvest LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the first quarter valued at $71,000. Hedge funds and other institutional investors own 2.22% 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, 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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