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Banco Santander Brasil (NYSE:BSBR) has been upgraded from Underperform to Neutral in a report by Credit Suisse today.

Credit Suisse has upgraded Banco Santander Brasil (NYSE:BSBR) from Underperform to Neutral in a statement released on 10/17/2016.

On 9/23/2016, Goldman Sachs Group Inc. released a statement about Banco Santander Brasil (NYSE:BSBR) bumped up the target price from $0.00 to $8.10. At the time, this indicated a possible upside of 0.21%.

Yesterday Banco Santander Brasil (NYSE:BSBR) traded 2.45% higher at $7.36. The company’s 50-day moving average is $6.85 and its 200-day moving average is $5.82. With the last close up 29.45% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 676,970 shares of BSBR changing hands under the typical 1,370,930

See Chart Below

Banco Santander Brasil (NYSE:BSBR)

Banco Santander Brasil has a 52 week low of $3.02 and a 52 week high of $7.60 with a price-earnings ratio of 13.46 BSBR’s total market value is presently $0.

Brief Synopsis About Banco Santander Brasil (NYSE:BSBR)

Banco Santander (Brasil) S.A. (Santander Brasil) is indirectly controlled by Banco Santander, S.A., and is an institution of the financial and non-financial group. The Bank operates as a multiple bank. The Bank operates through two segments: Commercial Banking and Global Wholesale Banking. The Commercial Banking segment encompasses the entire commercial banking business (except for the Corporate Banking business managed globally using the Global Relationship Model). The Global Wholesale Banking segment reflects the returns on the Global Corporate Banking business, those on Investment Banking and Markets across the world, including all treasury departments and the equities business. It operates with commercial, investment, credit and financing and exchange, mortgage lending, leasing, credit cards and securities brokerage. It offers long-term loans to its customers for the purchase of real estate, secured by deeds of trust.

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