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

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued 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. “

Other research analysts also recently issued reports about the stock. Societe Generale downgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “sell” rating in a research note on Wednesday, June 26th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Credit Suisse Group began coverage on Eaton Vance in a research note on Wednesday, June 12th. They issued a “neutral” rating and a $44.00 price target on the stock. Finally, Deutsche Bank began coverage on Intuitive Surgical in a research note on Monday, April 1st. They issued a “buy” rating and a $630.00 price target on the stock. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Banco Bilbao Vizcaya Argentaria presently has a consensus rating of “Hold” and an average target price of $6.75.

Shares of BBVA opened at $5.53 on Monday. The company has a market cap of $37.27 billion, a price-to-earnings ratio of 6.28, a price-to-earnings-growth ratio of 3.33 and a beta of 0.99. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. Banco Bilbao Vizcaya Argentaria has a fifty-two week low of $4.99 and a fifty-two week high of $7.36. The business has a 50 day simple moving average of $5.56.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings data on Monday, April 29th. The bank reported $0.18 earnings per share for the quarter. The firm had revenue of $6.89 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 23.14% and a return on equity of 9.80%. Equities research analysts forecast that Banco Bilbao Vizcaya Argentaria will post 0.71 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria in the 2nd quarter valued at about $25,000. Cornerstone Advisors Inc. grew its stake in Banco Bilbao Vizcaya Argentaria by 173.7% during the 1st quarter. Cornerstone Advisors Inc. now owns 4,609 shares of the bank’s stock worth $26,000 after buying an additional 2,925 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its stake in Banco Bilbao Vizcaya Argentaria by 101.6% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 5,063 shares of the bank’s stock worth $27,000 after buying an additional 2,551 shares during the last quarter. Parallel Advisors LLC grew its stake in Banco Bilbao Vizcaya Argentaria by 259.3% during the 1st quarter. Parallel Advisors LLC now owns 8,121 shares of the bank’s stock worth $47,000 after buying an additional 5,861 shares during the last quarter. Finally, KG&L Capital Management LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 2.86% of the company’s stock.

About Banco Bilbao Vizcaya Argentaria

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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