Barclays reiterates equal weight rating for Banco Bilbao Vizcaya Argentaria (NYSE: BBVA)
Banco Bilbao Vizcaya Argentaria (NYSE: BBVA)The stock’s stock had its “equal weight” rating reaffirmed by Barclays equity researchers in a note to investors on Monday, The Fly reported.
A number of other research companies have weighed on BBVA as well. The UBS group reissued a “neutral” rating on Banco Bilbao Vizcaya Argentaria shares in a research report on Tuesday, May 4. Credit Suisse Group reissued a “neutral” rating on Banco Bilbao Vizcaya Argentaria shares in a research report on Tuesday, May 4. Zacks Investment Research raised Banco Bilbao Vizcaya Argentaria shares from a “sell” rating to a “maintain” rating in a research report on Tuesday, May 18. Morgan Stanley reissued an “equal weight” rating on Banco Bilbao Vizcaya Argentaria shares in a research report on Tuesday, May 4. Finally, the Royal Bank of Canada reiterated an “outperformance” rating on the shares of Banco Bilbao Vizcaya Argentaria in a report of Tuesday, May 4. Two analysts rated the stock with a sell rating, eight assigned a hold rating and four issued a buy rating for the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $ 5.75.
BBVA shares traded down $ 0.04 on Monday, reaching $ 6.17. The company’s shares had a trading volume of 92,958 shares, compared to an average volume of 2,727,155 shares. The company has a leverage ratio of 1.13, a current ratio of 0.98, and a quick ratio of 0.98. Banco Bilbao Vizcaya Argentaria has a 52 week minimum of $ 2.49 and a 52 week maximum of $ 6.27. The company’s fifty-day mobile average price is $ 5.57 and its 200-day mobile average price is $ 5.08. The stock has a market cap of $ 41.14 billion, a price-to-earnings ratio of 8.87 and a beta of 1.47.
Several hedge funds have recently changed their positions in BBVA. Park Avenue Securities LLC increased its position in Banco Bilbao Vizcaya Argentaria shares by 21.4% in the fourth quarter. Park Avenue Securities LLC now owns 59,576 shares of the bank valued at $ 294,000 after purchasing an additional 10,483 shares in the last quarter. Pacer Advisors Inc. increased its position in Banco Bilbao Vizcaya Argentaria shares by 89.0% in the fourth quarter. Pacer Advisors Inc. now owns 128,606 shares of the bank valued at $ 635,000 after purchasing an additional 60,576 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria during the fourth quarter valued at approximately $ 64,000. Private Capital Group LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the fourth quarter valued at approximately $ 38,000. Finally, Venturi Wealth Management LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the fourth quarter valued at approximately $ 187,000. Institutional investors hold 1.70% of the company’s shares.
About Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, asset management and private banking services. It offers current accounts; and sight, savings, overnight, term, term and subordinated deposits. The company also offers loan products; securities transactions; and manages pension funds.
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