Noteworthy Price Action: Is Buying Banco Bilbao Vizcaya Argentaria SA (ADR) Here a Winning Strategy?

Noteworthy Price Action: Is Buying Banco Bilbao Vizcaya Argentaria SA (ADR) Here a Winning Strategy?

The stock of Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) is a huge mover today! About 1.15M shares traded hands. Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) has declined 20.39% since April 26, 2016 and is downtrending. It has underperformed by 25.65% the S&P500.
The move comes after 8 months positive chart setup for the $39.80 billion company. It was reported on Nov, 29 by Barchart.com. We have $6.52 PT which if reached, will make NYSE:BBVA worth $2.39 billion more.

Analysts await Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) to report earnings on February, 1 before the open.

Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) Ratings Coverage

Out of 6 analysts covering Banco Bilbao Vizcaya Argentaria (NYSE:BBVA), 1 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 17% are positive. Banco Bilbao Vizcaya Argentaria has been the topic of 7 analyst reports since December 2, 2015 according to StockzIntelligence Inc. The stock of Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) has “Outperform” rating given on Wednesday, October 19 by RBC Capital Markets. The stock of Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) earned “Sell” rating by Citigroup on Thursday, November 10. On Wednesday, December 2 the stock rating was downgraded by Bank of America to “Underperform”. As per Friday, September 23, the company rating was initiated by Jefferies. Barclays Capital upgraded Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) on Tuesday, September 6 to “Equal-Weight” rating. The firm has “Hold” rating by Jefferies given on Wednesday, November 9. The firm has “Sell” rating by UBS given on Monday, March 7.

According to Zacks Investment Research, “Banco Bilbao Vizcaya is engaged in a wide variety of banking, financial and related activities in Spain.”

More news for Banco Bilbao Vizcaya Argentaria SA (ADR) (NYSE:BBVA) were recently published by: Livetradingnews.com, which released: “Banco Bilbao Vizcaya Argentaria SA (ADR)(NYSE:BBVA) Heffx Trading Outlook” on September 19, 2016. Benzinga.com‘s article titled: “Barclays Upgrades Banco Bilbao Vizcaya Argentaria To Equal Weight” and published on September 06, 2016 is yet another important article.

BBVA Company Profile

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), incorporated on January 28, 2000, is a diversified international financial firm engaged in retail banking, asset management, private banking and wholesale banking. The Firm also has investments in various companies in Spain. The Firm operates through seven divisions: Banking Activity in Spain, Real Estate Activity in Spain, Turkey, Rest of Eurasia, Mexico, South America and United States. In addition to these, the Company has a Corporate Center.

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