Bancolombia S.A. (NYSE:CIB) has been downgraded from Outperform to Neutral in a statement by Credit Suisse earlier today.
- Updated: October 6, 2016
Credit Suisse has downgraded Bancolombia S.A. (NYSE:CIB) from Outperform to Neutral in a statement released on Thursday October 06, 2016.
Boasting a price of $37.76, Bancolombia S.A. (NYSE:CIB) traded -0.79% lower on the day. With the last stock price close up 3.67% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Bancolombia S.A. has recorded a 50-day average of $39.07 and a two hundred day average of $36.13. Volume of trade was down over the average, with 66,481 shares of CIB changing hands under the typical 333,902
With a total market value of $0, Bancolombia S.A. has price-earnings ratio of 11.38 with a one year low of $23.69 and a one year high of $42.58 .
A total of 13 equity analysts have released a ratings update on CIB. One equity analyst rating the company a strong buy, four equity analysts rating the company a buy, five equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $32.83.
Brief Synopsis About Bancolombia S.A. (NYSE:CIB)
Bancolombia S.A. (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. It delivers its products and services through its regional network comprising Colombia's non-Government owned banking network, El Salvador's financial conglomerate by gross loans, Guatemala's bank, Panama's bank and off-shore banking subsidiaries in Panama, Cayman and Puerto Rico, as well as subsidiaries in Peru. The Bank and its subsidiaries offer Savings And Investment, Ahorro A La Mano, Financing, Mortgage Banking, Factoring, Financial and Operating Leases, Capital Markets, eTrading, Cash Management, Foreign Currency, Bancassurance, Investment Banking and Trust Services.
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