Zacks Investment Research lowered shares of Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) from a buy rating to a hold rating in a research note published on Wednesday.

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

Several other analysts also recently weighed in on BBVA. Barclays PLC upgraded Banco Bilbao Vizcaya Argentaria SA from an underweight rating to an equal weight rating in a research report on Tuesday, September 6th. HSBC reiterated a hold rating on shares of Banco Bilbao Vizcaya Argentaria SA in a research report on Thursday, September 15th. Jefferies Group assumed coverage on Banco Bilbao Vizcaya Argentaria SA in a research report on Friday, September 23rd. They issued a buy rating for the company. RBC Capital Markets upgraded Banco Bilbao Vizcaya Argentaria SA from a sector perform rating to an outperform rating in a research report on Wednesday, October 19th. Finally, Citigroup Inc. downgraded Banco Bilbao Vizcaya Argentaria SA from a neutral rating to a sell rating in a research report on Thursday, November 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $7.00.

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) traded down 1.11% during trading on Wednesday, hitting $6.22. The stock had a trading volume of 4,158,256 shares. The stock has a 50 day moving average of $6.59 and a 200 day moving average of $6.16. Banco Bilbao Vizcaya Argentaria SA has a one year low of $5.14 and a one year high of $8.39. The firm has a market capitalization of $42.87 billion and a P/E ratio of 10.03.

The firm also recently declared a dividend, which was paid on Monday, October 31st. Investors of record on Tuesday, October 4th were issued a dividend of $0.072 per share. The ex-dividend date was Friday, September 30th.

A number of hedge funds have recently modified their holdings of the company. BlackRock Investment Management LLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria SA by 1,325,862.6% in the third quarter. BlackRock Investment Management LLC now owns 3,513,801 shares of the company’s stock worth $20,942,000 after buying an additional 3,513,536 shares during the period. Cambiar Investors LLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria SA by 9.6% in the third quarter. Cambiar Investors LLC now owns 24,582,766 shares of the company’s stock worth $146,513,000 after buying an additional 2,153,674 shares during the period. Morgan Stanley raised its stake in shares of Banco Bilbao Vizcaya Argentaria SA by 8.9% in the third quarter. Morgan Stanley now owns 6,613,453 shares of the company’s stock worth $39,416,000 after buying an additional 539,228 shares during the period. Thomas White International Ltd. acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria SA during the third quarter worth approximately $3,092,000. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria SA during the third quarter worth approximately $2,722,000.

ILLEGAL ACTIVITY NOTICE: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2016/11/24/banco-bilbao-vizcaya-argentaria-sa-bbva-lowered-to-hold-at-zacks-investment-research.html.

Banco Bilbao Vizcaya Argentaria SA Company Profile

Banco Bilbao Vizcaya Argentaria, SA is a diversified international financial company engaged in retail banking, asset management, private banking and wholesale banking. The Company operates through seven segments: Banking Activity in Spain, Real Estate Activity in Spain, Turkey, Rest of Eurasia, Mexico, South America and United States.

5 Day Chart for NASDAQ:BBVA

Receive News & Stock Ratings for Banco Bilbao Vizcaya Argentaria SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bilbao Vizcaya Argentaria SA and related stocks with our FREE daily email newsletter.