ValuEngine Downgrades Banco Santander Mexico Sa Instcn De (NYSE:BSMX) to Strong Sell

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Banco Santander Mexico Sa Instcn De (NYSE:BSMX) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday, October 31st, ValuEngine reports.

Several other research firms have also weighed in on BSMX. Credit Suisse Group upgraded shares of Banco Santander Mexico Sa Instcn De from a “neutral” rating to an “outperform” rating in a research note on Monday, October 7th. Bank of America reiterated a “neutral” rating on shares of Banco Santander Mexico Sa Instcn De in a research note on Thursday, September 12th. Finally, Zacks Investment Research upgraded shares of Banco Santander Mexico Sa Instcn De from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.58.

Banco Santander Mexico Sa Instcn De stock traded down $0.09 during trading hours on Thursday, hitting $6.56. The company had a trading volume of 620,934 shares, compared to its average volume of 1,896,192. The firm has a market capitalization of $9.14 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 1.99 and a beta of 1.36. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.00 and a quick ratio of 1.02. The firm’s fifty day moving average is $6.68 and its 200-day moving average is $7.15. Banco Santander Mexico Sa Instcn De has a fifty-two week low of $5.68 and a fifty-two week high of $8.74.

A number of institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP increased its stake in shares of Banco Santander Mexico Sa Instcn De by 18.6% during the 2nd quarter. Susquehanna International Group LLP now owns 16,366 shares of the bank’s stock worth $125,000 after purchasing an additional 2,566 shares during the last quarter. Simplex Trading LLC acquired a new position in shares of Banco Santander Mexico Sa Instcn De during the 3rd quarter worth $27,000. Quantamental Technologies LLC acquired a new position in shares of Banco Santander Mexico Sa Instcn De during the 2nd quarter worth $65,000. NumerixS Investment Technologies Inc acquired a new position in shares of Banco Santander Mexico Sa Instcn De during the 2nd quarter worth $77,000. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Banco Santander Mexico Sa Instcn De during the 2nd quarter worth $79,000. Hedge funds and other institutional investors own 10.28% of the company’s stock.

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.

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Analyst Recommendations for Banco Santander Mexico Sa Instcn De (NYSE:BSMX)

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