Banco Santander S.A. (SAN) Receives ‘Analyst’ Rating

Banco Santander S.A. (SAN) : Zacks Investment Research ranks Banco Santander S.A. (SAN) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. The average broker rating of 2 research analysts is 2.5, which indicates as a Buy.


Also, In a research note released to the investors, Barclays upgrades its rating on Banco Santander S.A. (NYSE:SAN).The analysts at the brokerage house have a current rating of Overweight on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. The rating by the firm was issued on September 6, 2016.

Banco Santander S.A. (NYSE:SAN): After opening at $4.39, the stock dipped to an intraday low of $4.38 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $4.47 and the buying power remained strong till the end. The stock closed at $4.47 for the day, a gain of 1.59% for the day session. The total traded volume was 5,399,599. The stocks close on the previous trading day was $4.4.

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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