I am not sure about this. In some scenarios, seems like a "Licenciatura/Licenciado" degree is equivalent to a Bachelor's Degree, or sometimes to a Master's Degree.
Nevertheless, in some cases "Licenciatura/Licenciado" seems to correspond to a Doctoral Degree. Examples:
- Pharm.D.="Licenciado en Farmacia" (https://en.wikipedia.org/wiki/Doctor_of_Pharmacy#Spain)
- MVD/DVM="Licenciatura en Médico Veterinario" (http://www.vets-net.com/other/GlobalVetSchools.pdf)
The equivalence between a Doctoral Degree and "Licenciatura/Licenciado" seems to be particularly the case when the later "allows to practice the profession".
A closely related question would be: what is the equivalent degree of PsyD in the Spanish-speaking countries?