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Deutsche Bank AG upgraded Bancolombia SA (ADR) (NYSE:CIB) to Buy in a statement released earlier today.

Deutsche Bank AG has upgraded Bancolombia SA (ADR)(NYSE:CIB) to Buy in a report released on 8/22/2016.

Just yesterday Bancolombia SA (ADR) (NYSE:CIB) traded 4.39% lower at $38.94. CIB’s 50-day average is $37.65 and its 200-day average is $35.50. With the last stock price up 7.41% relative to the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was was up over the average, with 723,519 shares of CIB changing hands over the typical 317,561 shares..

Recent Performance Chart:

Bancolombia SA (ADR) (NYSE:CIB)

Bancolombia SA (ADR) has a 52 week low of $23.69 and a 52 week high of $42.58 with a price-earnings ratio of 12. Bancolombia SA (ADR)’s market capitalization is presently $0.0.

A total of 13 brokers have reported on Bancolombia SA (ADR). One firm rate the stock a strong buy, four firms rate the company a buy, five analyts rate the company a hold, three analysts rate the company to underperform, and lastly 0 brokeragesrate the stock as sell with a consensus target of $32.83

General Information About Bancolombia SA (ADR) (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, and Investment Banking and Trust Services.

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