Is Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Now a Sell? Why did BofA Merrill Downgrade The Stock?

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Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Receives a Downgrade

BofA Merrill lowered shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) stock from a Neutral rating to a Underperform rating in a very recent research note issued to clients and investors on 2 December.

Approximately 1.01 million 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.

Is Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Now a Sell? Why did BofA Merrill Downgrade The Stock?

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).

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