Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Stock Gets Downgrade from Zacks Research

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

A number of other brokerages have also issued reports on BBVA. The Goldman Sachs Group restated a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Wednesday, August 5th. Weiss Ratings downgraded shares of Banco Bilbao Vizcaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday. JPMorgan Chase & Co. reissued a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Thursday, September 24th. Banco Sabadell downgraded shares of Banco Bilbao Vizcaya Argentaria to an “underweight” rating in a research report on Wednesday, September 16th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Thursday, September 17th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria Stock Performance

BBVA stock opened at $25.23 on Monday. The stock’s 50 day moving average is $27.75 and its two-hundred day moving average is $24.79. Banco Bilbao Vizcaya Argentaria has a 52-week low of $19.82 and a 52-week high of $29.64.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Free Report) last released its earnings results on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. The business had revenue of $11.99 billion for the quarter. As a group, equities research analysts predict that Banco Bilbao Vizcaya Argentaria will post 2.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC lifted its stake in Banco Bilbao Vizcaya Argentaria by 192.9% in the third quarter. CoreCap Advisors LLC now owns 911 shares of the bank’s stock valued at $25,000 after buying an additional 600 shares during the last quarter. Retirement Wealth Solutions LLC boosted its stake in Banco Bilbao Vizcaya Argentaria by 53.5% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 1,127 shares of the bank’s stock valued at $31,000 after purchasing an additional 393 shares during the period. West Financial Advisors LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the 3rd quarter worth about $32,000. Whipplewood Advisors LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the 1st quarter worth about $27,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the second quarter valued at approximately $37,000. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Vizcaya Argentaria Company Profile

(Get Free Report)

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a global financial services group headquartered in Bilbao, Spain. The bank traces its origins to Banco de Bilbao, founded in 1857, and adopted the BBVA name in 1999 following the merger of Banco Bilbao Vizcaya and Argentaria.

BBVA provides retail and commercial banking services, including checking and savings accounts, consumer and mortgage lending, credit cards, payments, and digital banking. It also serves businesses and institutions through corporate and investment banking, transaction banking, capital markets, and advisory services.

See Also

Analyst Recommendations for Banco Bilbao Vizcaya Argentaria (NYSE:BBVA)

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