Goldman Sachs Downgrades Santander Mexico Fincl Gp SAB deCV (ADR) to Sell

Brokerage firm Goldman Sachs Downgrades its rating on Santander Mexico Fincl Gp SAB deCV (ADR)(NYSE:BSMX). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by Goldman Sachs was issued on Sep 23, 2016.

In a different note, On Sep 7, 2016, UBS said it Downgrades its rating on Santander Mexico Fincl Gp SAB deCV (ADR). The shares have been rated ‘Neutral’ by the firm. On Aug 4, 2016, JP Morgan said it Downgrades its rating on Santander Mexico Fincl Gp SAB deCV (ADR). The shares have been rated ‘Neutral’ by the firm. On Jul 5, 2016, Deutsche Bank said it Downgrades its rating on Santander Mexico Fincl Gp SAB deCV (ADR). The shares have been rated ‘Sell’ by the firm.

Santander Mexico Fincl Gp SAB deCV (ADR) (BSMX) made into the market gainers list on Tuesdays trading session with the shares advancing 4.86% or 0.41 points. Due to strong positive momentum, the stock ended at $8.85, which is also near the day’s high of $8.85. The stock began the session at $8.45 and the volume stood at 27,05,169 shares. The 52-week high of the shares is $10.13 and the 52 week low is $6.755. The company has a current market capitalization of $12,000 M and it has 1,35,59,46,900 shares in outstanding.

Santander Mexico Fincl Gp SAB deCV (ADR)(BSMX) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $837.35M. Analysts had an estimated revenue of $953.00M. Earnings per share were $0.06. 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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Santander Mexico Fincl Gp SAB deCV (ADR) - Is it time to Sell?

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