Price Action to Note: A Reversal for Banco Santander Brasil SA (ADR) Is Not Near. The Stock Rises Again

Price Action to Note: A Reversal for Banco Santander Brasil SA (ADR) Is Not Near. The Stock Rises Again

The stock of Banco Santander Brasil SA (ADR) (NYSE:BSBR) is a huge mover today! About 794,440 shares traded hands. Banco Santander Brasil SA (ADR) (NYSE:BSBR) has risen 52.58% since April 13, 2016 and is uptrending. It has outperformed by 48.65% the S&P500.
The move comes after 7 months positive chart setup for the $29.39 billion company. It was reported on Nov, 15 by Barchart.com. We have $11.04 PT which if reached, will make NYSE:BSBR worth $12.64 billion more.

Banco Santander Brasil SA (ADR) (NYSE:BSBR) Ratings Coverage

Out of 3 analysts covering Banco Santander Brasil (NYSE:BSBR), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Banco Santander Brasil has been the topic of 3 analyst reports since November 12, 2015 according to StockzIntelligence Inc. As per Monday, October 17, the company rating was upgraded by Credit Suisse. The stock has “Reduce” rating given by HSBC on Tuesday, January 19. On Thursday, November 12 the stock rating was downgraded by JP Morgan to “Market Perform”.

More recent Banco Santander Brasil SA (ADR) (NYSE:BSBR) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Benzinga.com published the news titled: “Banco Santander Brasil Upgraded, Price Target Raised 39% By Credit Suisse” on October 17, 2016. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades” with publication date: October 17, 2016 was also an interesting one.

Banco Santander S.A. (Santander Brasil) is indirectly controlled by Banco Santander, S.A., and is an institution of the financial and non-financial group. The company has a market cap of $29.39 billion. The Bank operates as a multiple bank. It has a 26.99 P/E ratio. The Bank operates through two divisions: Commercial Banking and Global Wholesale Banking.

BSBR Company Profile

Banco Santander (Brasil) S.A. (Santander Brasil), incorporated on August 9, 1985, is indirectly controlled by Banco Santander, S.A., and is an institution of the financial and non-financial group. The Bank operates as a multiple bank. The Bank operates through two divisions: Commercial Banking and Global Wholesale Banking. The Commercial Banking segment encompasses the entire commercial banking business (except for the Corporate Banking business managed globally using the Global Relationship Model). The Global Wholesale Banking segment reflects the returns on the Global Corporate Banking business, those on Investment Banking and Markets across the world, including all treasury departments and the equities business. It operates with commercial, investment, credit and financing and exchange, mortgage lending, leasing, credit cards and securities brokerage.

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