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

Several other research analysts have also issued reports on HSBC. ValuEngine raised shares of HSBC from a hold rating to a buy rating in a research note on Friday, February 2nd. UBS Group reissued a neutral rating on shares of HSBC in a research note on Wednesday, November 29th. Macquarie began coverage on shares of HSBC in a research note on Wednesday, November 29th. They set an outperform rating on the stock. JPMorgan Chase & Co. reissued a neutral rating on shares of HSBC in a research note on Friday, November 24th. Finally, BNP Paribas lowered shares of HSBC from an outperform rating to a neutral rating in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. HSBC presently has an average rating of Hold and an average price target of $31.50.

Shares of HSBC (HSBC) opened at $51.39 on Tuesday. The company has a market cap of $205,770.00, a price-to-earnings ratio of 37.51, a PEG ratio of 2.36 and a beta of 0.90. HSBC has a 12 month low of $39.63 and a 12 month high of $55.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in HSBC by 89.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,139 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in HSBC by 1.8% during the second quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock worth $115,000 after buying an additional 43 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new position in HSBC during the third quarter worth $127,000. Bessemer Group Inc. raised its holdings in HSBC by 60.2% during the fourth quarter. Bessemer Group Inc. now owns 2,846 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,070 shares during the last quarter. Finally, Zions Bancorporation raised its holdings in HSBC by 374.8% during the third quarter. Zions Bancorporation now owns 3,010 shares of the financial services provider’s stock worth $149,000 after buying an additional 2,376 shares during the last quarter. 2.27% of the stock is currently owned by institutional investors and hedge funds.

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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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