Banco Santander, Given Consensus Recommendation of “Hold” by Analysts (NYSE:SAN)
Banco Santander, (NYSE:SAN) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Analyst RN reports. Two investment analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company.
A number of analysts have recently weighed in on SAN shares. Analysts at Bernstein initiated coverage on shares of Banco Santander, in a research note on Tuesday. They set a “market perform” rating on the stock. Analysts at RBC Capital upgraded shares of Banco Santander, from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, June 18th.
Shares of Banco Santander, (NYSE:SAN) traded up 1.51% during mid-day trading on Wednesday, hitting $10.0899. 2,049,212 shares of the company’s stock traded hands. Banco Santander, has a one year low of $7.13 and a one year high of $10.75. The stock has a 50-day moving average of $9.8 and a 200-day moving average of $9.83. The company has a market cap of $122.2 billion and a P/E ratio of 17.78. Banco Santander, also was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 37,598,323 shares, an increase of 18.7% from the July 31st total of 31,666,430 shares. Based on an average trading volume of 8,196,562 shares, the days-to-cover ratio is currently 4.6 days. Currently, 0.3% of the shares of the stock are sold short.
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.
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