Brokerage Firm Rating Update on Banco Santander S.A. (SAN)

Banco Santander S.A. (SAN) : Zacks Investment Research ranks Banco Santander S.A. (SAN) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. The average broker rating of 2 research analysts is 2.5, which indicates as a Buy.


The shares have received a consensus rating of Sell for the current week Also, Deutsche Bank upgrades its view on Banco Santander S.A. (NYSE:SAN) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. The rating by the firm was issued on August 31, 2016.

Banco Santander S.A. (NYSE:SAN): The stock opened at $4.62 and touched an intraday high of $4.64 on Wednesday. During the day, the stock corrected to an intraday low of $4.596, however, the bulls stepped in and pushed the price higher to close in the green at $4.61 with a gain of 0.88% for the day. The total traded volume for the day was 3,284,178. The stock had closed at $4.57 in the previous trading session.

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.

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