Standpoint Research upgraded shares of Bancolombia (NYSE:CIB) from a hold rating to an accumulate rating in a research report report published on Wednesday morning, Marketbeat reports.
Several other equities research analysts also recently commented on CIB. Zacks Investment Research raised shares of Bancolombia from a sell rating to a hold rating in a research note on Thursday, February 15th. UBS Group raised shares of Bancolombia from a sell rating to a hold rating in a research report on Monday, February 12th. ValuEngine raised shares of Bancolombia from a buy rating to a strong-buy rating in a research report on Wednesday, February 14th. Finally, Citigroup downgraded shares of Bancolombia from a neutral rating to a sell rating in a research report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a strong buy rating to the stock. Bancolombia presently has an average rating of Hold and a consensus price target of $46.00.
Shares of Bancolombia (NYSE:CIB) opened at $44.00 on Wednesday. Bancolombia has a 12 month low of $36.15 and a 12 month high of $48.74. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.80. The company has a market cap of $10,510.51, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.53.
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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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