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Bancolombia SA (NYSE:CIB) was downgraded by research analysts at HSBC from a “neutral” rating to an “underweight” rating in a report released on Tuesday, reports.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Bancolombia SA from a “neutral” rating to an “overweight” rating in a research note on Monday, July 28th. They now have a $75.00 price target on the stock, up previously from $62.00. Analysts at Goldman Sachs upgraded shares of Bancolombia SA from a “neutral” rating to a “buy” rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.00.

Bancolombia SA (NYSE:CIB) opened at 62.97 on Tuesday. Bancolombia SA has a one year low of $42.77 and a one year high of $66.78. The stock’s 50-day moving average is $62.41 and its 200-day moving average is $56.67. The company has a market cap of $14.472 billion and a P/E ratio of 15.33.

Bancolombia SA (NYSE:CIB) last announced its earnings results on Wednesday, August 6th. The company reported $1.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.09 by $0.01. Analysts expect that Bancolombia SA will post $4.44 EPS for the current fiscal year.

The company also recently declared a special dividend, which is scheduled for Tuesday, October 14th. Investors of record on Monday, September 29th will be given a dividend of $0.4132 per share. This represents a yield of 2.63%. The ex-dividend date of this dividend is Thursday, September 25th.

Bancolombia SA is a Colombia-based financial institution primarily engaged, together with its subsidiaries, in the banking sector.

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