Banco Santander S.A. (SAN) : Analyst Rating Update

Banco Santander S.A. (SAN) has an average broker rating of 2, which is interpreted as a Buy, as rated by 2 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Banco Santander S.A. (NYSE:SAN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.71 and $3.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.78, notching a gain of 1.07% for the day. The total traded volume was 18,174,729 . The stock had closed at $3.74 on the previous day.

Also, Equity Analysts at the JP Morgan upgrades the rating on Banco Santander S.A. (NYSE:SAN). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on April 25, 2016. The company shares have dropped -43.67% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $7.34 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $4.41 and the 200 Day Moving Average price is recorded at $4.44.

Banco Santander, S.A. is a Spain-based banking company. The Banks business segments include Retail Banking, which includes customer banking businesses; Global Wholesale Banking (GBM), which includes global corporate banking, investment banking and markets; Private Banking, Asset Management and Insurance, which include design and management of mutual and pension funds and insurance, and Spains run-off real estate, which includes loans to customers in Spain. It has operations in Continental Europe, which includes retail banking business, wholesale banking, and private banking and asset management and insurance, as well as the unit of Runoff Real Estate Activity in Spain; the United Kingdom, which include retail and wholesale banking, and private banking asset management and insurance; Latin America, which include financial activities conducted through its subsidiary banks and subsidiaries, and United States, which include the businesses of Santander Bank and Santander Puerto Rico.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.