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

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Zacks Investment Research cut shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a buy rating to a hold rating in a report published on Tuesday, August 28th.

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

A number of other equities analysts also recently issued reports on BBVA. ValuEngine raised shares of Banco Bilbao Vizcaya Argentaria from a strong sell rating to a sell rating in a report on Thursday, August 2nd. Societe Generale upgraded shares of Banco Bilbao Vizcaya Argentaria from a sell rating to a hold rating in a research report on Monday, April 30th. Finally, UBS Group upgraded Banco Bilbao Vizcaya Argentaria from a neutral rating to a buy rating in a report on Friday, May 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Banco Bilbao Vizcaya Argentaria currently has a consensus rating of Hold and an average target price of $7.90.

Shares of NYSE:BBVA traded down $0.04 during trading on Tuesday, reaching $6.31. The company had a trading volume of 9,063,014 shares, compared to its average volume of 3,793,029. The firm has a market capitalization of $39.79 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.83 and a beta of 0.96. Banco Bilbao Vizcaya Argentaria has a 12 month low of $5.96 and a 12 month high of $9.54. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.26 and a quick ratio of 1.05.

A number of large investors have recently modified their holdings of the stock. Hayek Kallen Investment Management lifted its stake in Banco Bilbao Vizcaya Argentaria by 39.4% in the 1st quarter. Hayek Kallen Investment Management now owns 23,408 shares of the bank’s stock valued at $185,000 after purchasing an additional 6,612 shares during the last quarter. Thomas White International Ltd. increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 1.4% during the second quarter. Thomas White International Ltd. now owns 521,821 shares of the bank’s stock worth $3,653,000 after purchasing an additional 7,353 shares during the period. Brandes Investment Partners LP increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 56.5% during the second quarter. Brandes Investment Partners LP now owns 23,926 shares of the bank’s stock worth $167,000 after purchasing an additional 8,642 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 6.4% during the first quarter. D.A. Davidson & CO. now owns 150,467 shares of the bank’s stock worth $1,189,000 after purchasing an additional 8,991 shares during the period. Finally, Advisor Partners LLC increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 43.3% during the second quarter. Advisor Partners LLC now owns 29,851 shares of the bank’s stock worth $209,000 after purchasing an additional 9,014 shares during the period. Institutional investors and hedge funds own 3.14% 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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