Zacks Investment Research cut shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a hold rating to a sell rating in a research report report published on Friday morning, Zacks.com reports.

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

A number of other research firms have also recently commented on BBVA. Deutsche Bank reaffirmed a buy rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Thursday, April 23rd. JPMorgan Chase & Co. cut shares of Banco Bilbao Vizcaya Argentaria from an overweight rating to a neutral rating in a report on Thursday, May 7th. UBS Group reaffirmed a neutral rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Monday, May 4th. Goldman Sachs Group raised shares of Banco Bilbao Vizcaya Argentaria from a neutral rating to a buy rating in a report on Tuesday, March 10th. Finally, Morgan Stanley reissued an equal weight rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Monday, May 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $3.25.

Banco Bilbao Vizcaya Argentaria stock opened at $3.42 on Friday. The stock has a market cap of $22.00 billion, a P/E ratio of 171.00 and a beta of 1.18. The company’s 50 day moving average price is $3.24 and its two-hundred day moving average price is $4.15. Banco Bilbao Vizcaya Argentaria has a 52 week low of $2.64 and a 52 week high of $5.80.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Thursday, April 30th. The bank reported $0.03 EPS for the quarter. The company had revenue of $6.41 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 2.39% and a return on equity of 7.36%. As a group, sell-side analysts expect that Banco Bilbao Vizcaya Argentaria will post 0.22 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp purchased a new position in Banco Bilbao Vizcaya Argentaria in the first quarter worth $48,000. Royal Bank of Canada boosted its position in Banco Bilbao Vizcaya Argentaria by 20.5% during the first quarter. Royal Bank of Canada now owns 1,019,245 shares of the bank’s stock valued at $3,118,000 after buying an additional 173,557 shares during the period. FDx Advisors Inc. boosted its position in Banco Bilbao Vizcaya Argentaria by 9.5% during the first quarter. FDx Advisors Inc. now owns 185,718 shares of the bank’s stock valued at $568,000 after buying an additional 16,104 shares during the period. EP Wealth Advisors LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria during the first quarter valued at about $34,000. Finally, Advisor Group Holdings Inc. purchased a new stake in Banco Bilbao Vizcaya Argentaria during the first quarter valued at about $465,000. Hedge funds and other institutional investors own 2.23% 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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Analyst Recommendations for Banco Bilbao Vizcaya Argentaria (NYSE:BBVA)

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