Santander upgraded shares of HSBC (NYSE:HSBC) from a sell rating to a hold rating in a report published on Tuesday morning, The Fly reports.

HSBC has been the subject of a number of other research reports. ValuEngine raised HSBC from a hold rating to a buy rating in a research note on Friday, February 2nd. BNP Paribas lowered HSBC from an outperform rating to a neutral rating in a research note on Wednesday, January 17th. Zacks Investment Research lowered HSBC from a strong-buy rating to a hold rating in a research note on Monday, October 9th. BidaskClub raised HSBC from a sell rating to a hold rating in a research note on Saturday, November 11th. Finally, UBS Group reissued a neutral rating on shares of HSBC in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. HSBC presently has a consensus rating of Hold and an average price target of $31.50.

HSBC (NYSE HSBC) opened at $50.85 on Tuesday. HSBC has a 52-week low of $39.63 and a 52-week high of $55.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $203,610.00, a P/E ratio of 37.12, a price-to-earnings-growth ratio of 2.36 and a beta of 0.90.

Hedge funds have recently made changes to their positions in the stock. Capital Bank & Trust Co lifted its stake in HSBC by 4.5% in the third quarter. Capital Bank & Trust Co now owns 64,654 shares of the financial services provider’s stock worth $3,195,000 after acquiring an additional 2,805 shares during the period. Quantum Capital Management purchased a new stake in HSBC in the third quarter worth $212,000. Cambiar Investors LLC lifted its stake in HSBC by 0.7% in the fourth quarter. Cambiar Investors LLC now owns 4,552,865 shares of the financial services provider’s stock worth $235,110,000 after acquiring an additional 32,692 shares during the period. Assetmark Inc. lifted its stake in HSBC by 88.4% in the second quarter. Assetmark Inc. now owns 170,972 shares of the financial services provider’s stock worth $7,931,000 after acquiring an additional 80,244 shares during the period. Finally, Athos Capital Ltd purchased a new stake in HSBC in the third quarter worth $1,973,000. 2.27% of the stock is owned by institutional investors.

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HSBC Company Profile

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

The Fly

Analyst Recommendations for HSBC (NYSE:HSBC)

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