Deutsche Bank downgraded shares of Banco Santander, S.A. (NYSE:SAN) from a hold rating to a sell rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Deutsche Bank has also taken action a number of other financials stocks recently. The firm reiterated its buy rating on shares of Ctrip.com International, Ltd.. They have a $65.00 price target on that stock. Also, Deutsche Bank downgraded shares of Aixtron AG from a buy rating to a hold rating.
Shares of Banco Santander, S.A. (NYSE:SAN) opened at 8.97 on Thursday. Banco Santander, S.A. has a 52 week low of $6.31 and a 52 week 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 $94.616 billion and a price-to-earnings ratio of 27.43.
Banco Santander, S.A. (NYSE:SAN) last announced its earnings results 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 announced a quarterly dividend, which is scheduled for Wednesday, November 13th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.20 per share. This represents a $0.82 annualized dividend and a dividend yield of 9.11%. The ex-dividend date 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, October 21st. 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 assigned a hold rating and one has assigned a buy rating to the stock. The stock currently 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.
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