Bancolombia (CIB) Upgraded to Strong-Buy by ValuEngine
ValuEngine upgraded shares of Bancolombia (NYSE:CIB) from a buy rating to a strong-buy rating in a research note released on Wednesday.
CIB has been the topic of several other reports. Deutsche Bank downgraded Bancolombia from a buy rating to a hold rating and lowered their target price for the company from $52.00 to $45.00 in a research note on Friday, October 27th. Zacks Investment Research downgraded Bancolombia from a hold rating to a sell rating in a research note on Tuesday, November 21st. UBS Group upgraded Bancolombia from a sell rating to a hold rating in a research note on Monday. Finally, Citigroup downgraded Bancolombia from a neutral rating to a sell rating in a research note on Tuesday, January 9th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $46.00.
Bancolombia (NYSE:CIB) opened at $45.02 on Wednesday. Bancolombia has a 12 month low of $36.15 and a 12 month high of $48.74. The firm has a market capitalization of $10,508.10, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 2.39 and a beta of 0.47. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.83.
ILLEGAL ACTIVITY NOTICE: “Bancolombia (CIB) Upgraded to Strong-Buy by ValuEngine” was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://theolympiareport.com/2018/02/15/bancolombia-cib-upgraded-to-strong-buy-by-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Bancolombia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancolombia and related companies with MarketBeat.com's FREE daily email newsletter.