Barclays Upgrades Santander Mexico Fincl Gp SAB deCV (ADR) to Equal-weight

Brokerage firm Barclays Upgrades its rating on Santander Mexico Fincl Gp SAB deCV (ADR)(NYSE:BSMX). The shares have been rated Equal-weight. Previously, the analysts had a Underperform rating on the shares. The rating by Barclays was issued on Jun 22, 2016.

Santander Mexico Fincl Gp SAB deCV (ADR) (BSMX) shares turned negative on Mondays trading session with the shares closing down -0.19 points or -2.28% at a volume of 9,61,432. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.31. The peak price level was also seen at $8.31 while the days lowest was $8.06. Finally the shares closed at $8.16. The 52-week high of the shares is $10.05 while the 52-week low is $6.755. According to the latest information available, the market cap of the company is $11,075 M.

Santander Mexico Fincl Gp SAB deCV (ADR)(BSMX) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $872.61M. Analysts had an estimated revenue of $925.00M. Earnings per share were $0.03. Analysts had estimated an EPS of $0.16.

Grupo Financiero Santander Mexico SAB de CV formerly Santander Mexico Financial Group SAB de CV or Grupo Financiero Santander SAB de CV is a Mexico-based financial institution. The Company is primarily engaged in the provision of multiple banking services securities brokerage financial advice services as well as other related investment activities. The Company offers its services to both individual and corporate clients. The Company owns such principal subsidiaries as Banco Santander (Mexico) SA Casa de Bolsa Santander SA de CV and Zurich Santander Seguros Mexico S.A.

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