Morningstar Issues BBB Credit Rating to Banco Santander, (SAN)
Banco Santander, (NYSE:SAN) has received a “BBB” credit rating from analysts at Morningstar. The firm’s “BBB” rating suggests that the company is a moderate default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.
Several other analysts have also recently commented on the stock. 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. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock currently has an average rating of “Hold”.
Banco Santander, (NYSE:SAN) opened at 9.94 on Wednesday. Banco Santander, has a 52 week low of $7.13 and a 52 week 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 $120.4 billion and a price-to-earnings ratio of 17.65. Banco Santander, also was the target of a large increase in short interest in 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 short-interest ratio is currently 4.6 days. Approximately 0.3% of the company’s 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.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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