Banco Santander, S.A. Stock Rating Lowered by Deutsche Bank (SAN)
Banco Santander, S.A. (NYSE:SAN) was downgraded by analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
Banco Santander, S.A. (NYSE:SAN) traded up 0.58% on Thursday, hitting $9.042. 9,420,028 shares of the company’s stock traded hands. Banco Santander, S.A. has a one year low of $6.31 and a one year high of $8.86. The stock has a 50-day moving average of $7.43 and a 200-day moving average of $7.14. The company has a market cap of $87.858 billion and a price-to-earnings ratio of 27.00.
Banco Santander, S.A. (NYSE:SAN) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.12 by $0.02. The company had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $10.27 billion. Banco Santander, S.A.’s revenue was down 7.8% compared to the same quarter last year. Analysts expect that Banco Santander, S.A. will post $0.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 13th. Investors of record on Tuesday, October 15th will be given a dividend of $0.20 per share. This represents a $0.82 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date of this dividend is Thursday, October 10th.
A number of other analysts have also recently weighed in on SAN. Analysts at HSBC upgraded shares of Banco Santander, S.A. to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Nomura upgraded shares of Banco Santander, S.A. from a “reduce” rating to a “neutral” rating in a research note to investors on Friday, October 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold”.
Banco Santander, SA (NYSE:SAN)is a financial group operating principally in Spain, the United Kingdom, Portugal, other European countries, Brazil and other Latin American countries and the United States, offering a range of financial products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.