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Grupo Financiero Santander Mexico (NASDAQ:BSMX) was downgraded by analysts at Bank of America Corp. from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Friday, Analyst Ratings Network reports.

Separately, analysts at Zacks downgraded shares of Grupo Financiero Santander Mexico from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $11.40 price target on the stock. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $13.47.

Grupo Financiero Santander Mexico (NASDAQ:BSMX) traded down 5.63% on Friday, hitting $11.57. The stock had a trading volume of 747,093 shares. Grupo Financiero Santander Mexico has a 52-week low of $11.80 and a 52-week high of $17.77. The stock has a 50-day moving average of $13.19 and a 200-day moving average of $13.90. The company has a market cap of $15.673 billion and a price-to-earnings ratio of 8.04.

Grupo Financiero Santander Mexico (NASDAQ:BSMX) last announced its earnings results on Thursday, January 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.01.

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