The stock of Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) is a huge mover today! About 692,113 shares traded hands. Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) has risen 1.31% since April 5, 2016 and is uptrending. It has underperformed by 0.65% the S&P500.
The move comes after 8 months positive chart setup for the $11.88 billion company. It was reported on Nov, 7 by Barchart.com. We have $12.30 PT which if reached, will make NYSE:BSMX worth $4.04B more.
Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) Ratings Coverage
Out of 6 analysts covering Banco Santander Mexico (NYSE:BSMX), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. Banco Santander Mexico has been the topic of 8 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by Goldman Sachs on Tuesday, July 21 to “Neutral”. The company was downgraded on Wednesday, September 7 by UBS. The stock of Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) has “Outperform” rating given on Tuesday, October 13 by Credit Suisse. The firm has “Neutral” rating by Citigroup given on Monday, October 26. The firm has “Overweight” rating by JP Morgan given on Friday, October 30. Bank of America upgraded the stock to “Neutral” rating in Monday, January 11 report. The firm has “Sell” rating by Goldman Sachs given on Friday, September 23. The stock of Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) earned “Neutral” rating by JP Morgan on Thursday, August 4.
According to Zacks Investment Research, “Grupo Financiero Santander Mexico SAB de CV is engaged in providing various banking services primarily in Mexico. It provides multiple banking services, securities brokerage, financial advice services, as well as other related investment activities. The company also offers pension and investment funds; cards and other structured products; and treasury management, merchant, trust, life insurance, online collection, tax payment, payroll, and cash management services. Grupo Financiero Santander Mexico SAB de CV is based in Mexico City, Mexico.”
More news for Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) were recently published by: Benzinga.com, which released: “Goldman Downgrades Santander Mexico To Sell” on September 23, 2016. Dividend.com‘s article titled: “Banco Macro SA (BMA)” and published on June 05, 2008 is yet another important article.
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