Analyst Rating Update on Banco Santander S.A. (SAN)

Banco Santander S.A. (SAN) : 2 analysts are covering Banco Santander S.A. (SAN) and their average rating on the stock is 2.5, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation.

The shares have received a consensus rating of Sell for the current week


Banco Santander S.A. (NYSE:SAN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.91 and $3.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.98, notching a gain of 0.76% for the day. The total traded volume was 8,919,582 . The stock had closed at $3.95 on the previous day.

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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