Banco Santander Mexico Sa Instcn De (BSMX) Upgraded by Zacks Investment Research to “Buy”
Banco Santander Mexico Sa Instcn De (NYSE:BSMX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $7.00 target price on the bank’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.72% from the company’s current price.
According to Zacks, “Banco Santander, S.A. Institución de Banca Múltiple provides banking services to commercial and private customers. The company’s products and services consist of securities brokerage, financial advice services, as well as other related investment activities and operations aimed at individuals and small and medium enterprises. Banco Santander, S.A. Institución de Banca Múltiple, formerly known as Grupo Financiero Santander, is based in Mexico. “
NYSE BSMX traded down $0.04 during trading hours on Tuesday, hitting $6.21. The company had a trading volume of 1,961,600 shares, compared to its average volume of 1,482,643. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.21 and a quick ratio of 1.21. Banco Santander Mexico Sa Instcn De has a 1-year low of $6.05 and a 1-year high of $8.81. The company has a market capitalization of $4.33 billion, a PE ratio of 9.00, a P/E/G ratio of 1.64 and a beta of 1.60.
About Banco Santander Mexico Sa Instcn De
Banco Santander (México), SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Global Corporate Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.
Read More: Insider Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Banco Santander Mexico Sa Instcn De Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander Mexico Sa Instcn De and related companies with MarketBeat.com's FREE daily email newsletter.