Banco Santander-Chile Downgraded to Sell at Goldman Sachs (BSAC)

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Banco Santander-Chile (NASDAQ:BSAC) was downgraded by investment analysts at Goldman Sachs from a “neutral” rating to a “sell” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.

Shares of Banco Santander-Chile (NASDAQ:BSAC) opened at 26.46 on Thursday. Banco Santander-Chile has a 1-year low of $19.13 and a 1-year high of $27.36. The stock has a 50-day moving average of $26.35 and a 200-day moving average of $23.68. The company has a market cap of $12.466 billion and a price-to-earnings ratio of 13.24.

Banco Santander-Chile (NASDAQ:BSAC) last released its earnings data on Tuesday, April 29th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.62 by $0.07. During the same quarter in the prior year, the company posted $0.43 earnings per share. On average, analysts predict that Banco Santander-Chile will post $1.90 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Banco Santander-Chile in a research note on Monday, July 7th. They now have a $31.00 price target on the stock, up previously from $29.00. Separately, analysts at Zacks upgraded shares of Banco Santander-Chile from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 25th. They now have a $28.60 price target on the stock. Finally, analysts at Scotiabank upgraded shares of Banco Santander-Chile from a “sector perform” rating to an “outperform” rating in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Banco Santander-Chile has a consensus rating of “Buy” and an average target price of $29.87.

Banco Santander Chile (NASDAQ:BSAC) provides a range of general banking services to its customers, from individuals to corporations.

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