Exane BNP Paribas downgrades BBVA


Exane BNP Paribas downgrades BBVA

Wed, 15 February 2012
Exane BNP Paribas downgrades BBVA
Banco Bilbao Vizcaya Argentaria Quote more

Price: 9.39

Chg: 0.07

Chg %: 0.70%


IBEX 35 Quote

Price: 8,143.70 Chg: -239.80 Chg %: -2.94% Date:

Analysts at Exane BNP Paribas have downgraded their recommendation for BBVA to underweight from overweight.

The analysts also lowered Bankia's price target from €3.30 to €2.

Digital Look has given its own views on both Spanish stocks and sees a bullish outlook for BBVA, but a bearish outlook for Bankia:


We have seen a substantial improvement in BBVA's stock performance after breaking out of resistance at €7. That resistance level also coincided with the 200-day moving average and thus it is likely that we will see a change of trend.

For the short-term, we expect some price consolidation although the excellent accumulation levels lead us to believe that the gains will continue towarsd at least €8.


The stock chart for Bankia reveals a very bearish technical outlook as the stock fell below the support level at €3.50. That support level was the bottom part of a trading range in which it has been trading for several months. We now expect a return to the November low of €3.12."

"We do not expect any bullish signals as long as it trades below €3.63.

BBVA was up 0.36% to €7.15 while Bankia showed a 1.01% loss to €3.41 this morning.


NASDAQ 100 Top Risers

Name Last Chg.% Time
Akamai Technologies Inc. 47.98 21.20 22:09
Henry Schein Inc. 156.75 6.18 22:05
Activision Blizzard Inc. 30.15 4.65 22:10
Priceline Group Inc 1,032.77 4.18 22:10
Vimpelcom Ltd Ads 3.40 3.66 22:10

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Viacom Inc. Class B 31.38 -4.50 22:10
Comcast Corp. 55.81 -4.12 22:10
Tesla Motors Inc 143.67 -3.09 22:10
Mattel Inc. 30.25 -2.95 22:10
Fastenal Co. 42.27 -2.51 22:03