Banco Bilbao Viscaya Argentaria (BBVA) Downgraded by Zacks Investment Research

Banco Bilbao Viscaya 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.

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

BBVA has been the topic of several other research reports. BidaskClub downgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. ValuEngine raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Banco Bilbao Viscaya Argentaria presently has an average rating of “Hold” and a consensus target price of $9.75.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) traded down $0.03 during mid-day trading on Wednesday, hitting $8.46. 1,585,100 shares of the stock traded hands, compared to its average volume of 3,069,243. Banco Bilbao Viscaya Argentaria has a 1 year low of $6.34 and a 1 year high of $9.35. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $55,820.00, a P/E ratio of 13.06, a PEG ratio of 1.21 and a beta of 0.95.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its earnings results on Friday, October 27th. The bank reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Banco Bilbao Viscaya Argentaria had a net margin of 16.46% and a return on equity of 7.49%. The firm had revenue of $7.27 billion for the quarter. equities analysts expect that Banco Bilbao Viscaya Argentaria will post 0.76 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in BBVA. Beacon Investment Advisory Services Inc. bought a new stake in Banco Bilbao Viscaya Argentaria in the third quarter worth $100,000. Glovista Investments LLC bought a new stake in Banco Bilbao Viscaya Argentaria in the third quarter worth $108,000. Brown Advisory Inc. increased its position in Banco Bilbao Viscaya Argentaria by 120.7% in the third quarter. Brown Advisory Inc. now owns 39,430 shares of the bank’s stock worth $352,000 after purchasing an additional 21,566 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Banco Bilbao Viscaya Argentaria by 27.7% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 49,709 shares of the bank’s stock worth $443,000 after purchasing an additional 10,796 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in Banco Bilbao Viscaya Argentaria by 226.3% in the third quarter. Cubist Systematic Strategies LLC now owns 72,318 shares of the bank’s stock worth $645,000 after purchasing an additional 50,158 shares during the last quarter. 3.18% of the stock is currently owned by hedge funds and other institutional investors.

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About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA (BBVA) is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments include Banking Activity in Spain, Real Estate Activity in Spain, the United States Turkey, Mexico, South America and Rest of Eurasia.

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