Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) Receives a Downgrade
Bank of America (Merrill Lynch) has cut the rating for shares of Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) to a solid “Underperform” in analysts note shared with investors and clients on Wednesday, 2 December. BBVA’s previous rating by the firm was a “Neutral”.
Approximately 894,052 shares of stock traded hands. Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) has declined 17.05% since April 29, 2015 and is downtrending. It has underperformed by 16.85% the S&P500.
Banco Bilbao Vizcaya Argentaria, S.A. is a diversified international financial group engaged in retail banking, asset management, private banking and wholesale banking. The company has a market cap of $51.31 billion. The Firm also has investments in some of Spain’s companies. It has 27.88 P/E ratio.
According to Zacks Investment Research, “Banco Bilbao Vizcaya is engaged in a wide variety of banking, financial and related activities in Spain.” Get a free copy of the Zacks research report on Banco Bilbao Vizcaya Argentaria SA (ADR) (BBVA).