Media stories about Bancolombia (NYSE:CIB) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bancolombia earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.0562479192452 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
CIB has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Bancolombia from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Santander downgraded shares of Bancolombia from a “hold” rating to an “underperform” rating in a report on Wednesday, September 20th. JPMorgan Chase & Co. downgraded shares of Bancolombia from a “neutral” rating to an “underweight” rating and set a $41.00 price objective on the stock. in a report on Wednesday, October 4th. Finally, Deutsche Bank downgraded shares of Bancolombia from a “buy” rating to a “hold” rating and lowered their price objective for the company from $52.00 to $45.00 in a report on Friday, October 27th. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Bancolombia has a consensus rating of “Hold” and an average target price of $46.00.
Bancolombia (NYSE:CIB) traded up $0.13 during midday trading on Monday, hitting $43.22. 196,596 shares of the stock were exchanged, compared to its average volume of 169,420. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.83. Bancolombia has a 12 month low of $36.15 and a 12 month high of $48.74. The firm has a market capitalization of $10,361.42, a P/E ratio of 10.22, a PEG ratio of 2.36 and a beta of 0.34.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2018/01/08/bancolombia-cib-receives-coverage-optimism-rating-of-0-08.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.
What are top analysts saying about Bancolombia? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bancolombia and related companies.