The stock of Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) is a huge mover today! About 2.33M shares traded hands or 70.07% up from the average. Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) has declined 0.48% since April 8, 2016 and is downtrending. It has underperformed by 6.13% the S&P500.
The move comes after 9 months negative chart setup for the $9.72B company. It was reported on Nov, 10 by Barchart.com. We have $6.93 PT which if reached, will make NYSE:BSMX worth $583.20 million less.
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 firm has “Neutral” rating by Goldman Sachs given on Tuesday, July 21. The company was upgraded on Monday, January 11 by Bank of America. The rating was downgraded by Goldman Sachs on Friday, September 23 to “Sell”. The rating was downgraded by UBS to “Neutral” on Wednesday, September 7. The stock has “Neutral” rating given by Citigroup on Monday, October 26. The firm earned “Neutral” rating on Thursday, August 4 by JP Morgan. On Tuesday, October 13 the stock rating was upgraded by Credit Suisse to “Outperform”. The firm has “Overweight” rating by JP Morgan given on Friday, October 30.
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: “25 Stocks Moving In Wednesday’s Pre-Market Session” on November 09, 2016. Benzinga.com‘s article titled: “Goldman Downgrades Santander Mexico To Sell” and published on September 23, 2016 is yet another important article.
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