Banco Santander, S.A. (ADR) (NYSE:SAN) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: November 26, 2016
Zacks Investment Research has downgraded Banco Santander, S.A. (ADR) (NYSE:SAN) to Sell in a statement released on 11/23/2016.
Boasting a price of $4.57, Banco Santander, S.A. (ADR) (NYSE:SAN) traded -0.66% lower on the day. With the last stock price close up 2.00% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Banco Santander, S.A. (ADR) has recorded a 50-day average of $4.63 and a two hundred day average of $4.41. Volume of trade was down over the average, with 1,592,841 shares of SAN changing hands under the typical 5,762,900
With a total market value of $0, Banco Santander, S.A. (ADR) has 52 week low of $3.60 and a 52 week high of $5.49 with a P/E ratio of 14.38 .
In addition to Zacks Investment Research reporting its stock price target, a total of 1 brokerage has issued a ratings update on the company. The average stock price target is $4.82 with 0 brokers rating the stock a strong buy, zero analysts rating the company a buy, one analyst rating the stock a hold, 0 firms rating the stock a underperform, and finally zero equity analysts rating the company a sell.
Brief Synopsis About Banco Santander, S.A. (ADR) (NYSE:SAN)
Banco Santander, S.A. is a retail and commercial bank. The Bank's principal business is to attract deposits and provide loans. The Bank focuses its wholesale banking offer on providing services to its main customers in local markets. The Banks segments include Continental Europe, United Kingdom, Latin America and United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country. The Latin America segment embraces all its financial activities conducted through its banks and subsidiaries in the region. The United States segment includes the holding company, Santander Holdings USA (SHUSA), the businesses of Santander Bank, Santander Consumer USA and Banco Santander Puerto Rico, the specialized unit of Banco Santander International and Spanish Branch of Santander in New York.
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