Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Rating Lowered to Underperform at Credit Suisse Group

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was downgraded by stock analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a report released on Wednesday, The Fly reports.

Several other equities research analysts have also recently commented on BBVA. Zacks Investment Research raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research note on Tuesday, April 2nd. Deutsche Bank raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Finally, ValuEngine raised Banco Bilbao Vizcaya Argentaria from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $6.75.

NYSE:BBVA opened at $5.69 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. Banco Bilbao Vizcaya Argentaria has a fifty-two week low of $4.99 and a fifty-two week high of $7.50. The stock has a market cap of $38.14 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 3.26 and a beta of 1.01.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria in the 4th quarter worth approximately $60,000. Stevens Capital Management LP lifted its holdings in Banco Bilbao Vizcaya Argentaria by 77.0% in the 4th quarter. Stevens Capital Management LP now owns 39,334 shares of the bank’s stock worth $208,000 after purchasing an additional 17,115 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Banco Bilbao Vizcaya Argentaria in the 4th quarter worth approximately $133,000. Weatherstone Capital Management acquired a new stake in Banco Bilbao Vizcaya Argentaria in the 4th quarter worth approximately $5,881,000. Finally, WealthTrust Arizona LLC lifted its holdings in Banco Bilbao Vizcaya Argentaria by 28.1% in the 4th quarter. WealthTrust Arizona LLC now owns 9,220 shares of the bank’s stock worth $49,000 after purchasing an additional 2,024 shares during the last quarter.

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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