Banco De Chile (NYSE:BCH) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

BCH has been the subject of a number of other reports. ValuEngine downgraded Banco De Chile from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Zacks Investment Research raised Banco De Chile from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Friday, June 2nd. Finally, Credit Suisse Group set a $76.00 target price on Banco De Chile and gave the company a “hold” rating in a report on Saturday, July 1st. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Banco De Chile has an average rating of “Buy” and an average target price of $81.00.

Banco De Chile (BCH) traded down 0.07% during midday trading on Wednesday, reaching $87.12. The company’s stock had a trading volume of 26,587 shares. The firm has a market capitalization of $14.55 billion, a PE ratio of 16.13 and a beta of 0.40. The stock’s 50-day moving average price is $84.03 and its 200 day moving average price is $76.81. Banco De Chile has a 1-year low of $62.99 and a 1-year high of $87.82.

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Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC increased its stake in Banco De Chile by 2.2% in the second quarter. Parallel Advisors LLC now owns 1,880 shares of the bank’s stock valued at $161,000 after buying an additional 41 shares during the last quarter. US Bancorp DE increased its stake in Banco De Chile by 1.6% in the first quarter. US Bancorp DE now owns 4,947 shares of the bank’s stock valued at $357,000 after buying an additional 76 shares during the last quarter. Naples Global Advisors LLC increased its stake in Banco De Chile by 2.8% in the second quarter. Naples Global Advisors LLC now owns 3,295 shares of the bank’s stock valued at $257,000 after buying an additional 90 shares during the last quarter. Global X Management Co. LLC increased its stake in Banco De Chile by 5.7% in the second quarter. Global X Management Co. LLC now owns 2,042 shares of the bank’s stock valued at $159,000 after buying an additional 111 shares during the last quarter. Finally, Comerica Bank increased its stake in Banco De Chile by 1.3% in the first quarter. Comerica Bank now owns 9,342 shares of the bank’s stock valued at $685,000 after buying an additional 119 shares during the last quarter. 1.70% of the stock is owned by institutional investors and hedge funds.

Banco De Chile Company Profile

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