Zacks Investment Research Downgrades Banco Santander (SAN) to Sell

Banco Santander (NYSE:SAN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Banco Santander SA is the biggest bank in Spain and the biggest international bank in Latin America as well. The Bank concentrates its activities in Andalucia, Castilla-Leon, Catalonia, Madrid, Valencia and Cantabria. The Bank provides banking services for individuals and companies, leasing, factoring, stockbrokerage and mutual fund services. “

Separately, Goldman Sachs Group upgraded shares of Banco Santander from a “neutral” rating to a “buy” rating and set a $6.20 price target on the stock in a report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $13.15.

Shares of Banco Santander (NYSE SAN) opened at $6.92 on Tuesday. Banco Santander has a fifty-two week low of $5.29 and a fifty-two week high of $7.57. The company has a current ratio of 1.36, a quick ratio of 1.38 and a debt-to-equity ratio of 3.82. The company has a market cap of $112,560.00, a P/E ratio of 13.06, a PEG ratio of 1.35 and a beta of 1.51.

Institutional investors have recently modified their holdings of the stock. Keybank National Association OH bought a new position in Banco Santander during the third quarter valued at approximately $107,000. KCS Wealth Advisory bought a new position in Banco Santander during the fourth quarter valued at approximately $109,000. Paloma Partners Management Co bought a new position in Banco Santander during the fourth quarter valued at approximately $118,000. Park Avenue Securities LLC bought a new position in Banco Santander during the third quarter valued at approximately $132,000. Finally, Capital Wealth Planning LLC bought a new position in Banco Santander during the third quarter valued at approximately $139,000. Institutional investors own 1.25% of the company’s stock.

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Banco Santander Company Profile

Banco Santander, SA is a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the 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.

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Analyst Recommendations for Banco Santander (NYSE:SAN)

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