Bancolombia (NYSE:CIB) was upgraded by stock analysts at UBS Group from a “sell” rating to a “hold” rating in a report released on Monday, The Fly reports.
Other analysts have also issued research reports about the company. Zacks Investment Research upgraded Bancolombia from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup downgraded Bancolombia from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, Deutsche Bank downgraded Bancolombia from a “buy” rating to a “hold” rating and dropped their price target for the stock from $52.00 to $45.00 in a research report on Friday, October 27th. Four analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $46.00.
Bancolombia (NYSE:CIB) traded up $1.03 during mid-day trading on Monday, reaching $43.70. The company’s stock had a trading volume of 193,017 shares, compared to its average volume of 238,185. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.11. Bancolombia has a twelve month low of $36.15 and a twelve month high of $48.74. The stock has a market capitalization of $10,260.43, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 2.33 and a beta of 0.46.
Bancolombia Company Profile
Bancolombia SA (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other.
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