News coverage about BanColombia (NYSE:CIB) has been trending somewhat positive on Friday, AlphaOne reports. The research group, a subsidiary of Accern, identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. BanColombia earned a media sentiment score of 0.15 on AlphaOne’s scale. AlphaOne also assigned news stories about the bank an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Alpha One’s rankings:
- BanColombia S.A. (CIB) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- BanColombia Shares Up 26.4% Since SmarTrend’s Buy Recommendation (CIB) (mysmartrend.com)
- ETFs with exposure to Bancolombia SA : June 13, 2017 (finance.yahoo.com)
- Bancolombia SA :CIB-US: Earnings Analysis: Q1, 2017 By the Numbers : June 12, 2017 (finance.yahoo.com)
CIB has been the topic of a number of recent analyst reports. Bank of America Corporation lowered BanColombia from a “neutral” rating to an “underperform” rating in a report on Friday, February 24th. HSBC Holdings plc upgraded BanColombia from a “hold” rating to a “buy” rating in a report on Friday, March 17th. Standpoint Research downgraded BanColombia from a “buy” rating to a “hold” rating in a research report on Monday, May 22nd. Zacks Investment Research raised BanColombia from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Tuesday, March 7th. Finally, Credit Suisse Group set a $45.00 target price on BanColombia and gave the stock a “hold” rating in a research report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. BanColombia presently has an average rating of “Hold” and an average price target of $43.50.
Shares of BanColombia (NYSE CIB) traded up 0.79% during trading on Friday, hitting $45.83. The stock had a trading volume of 558,955 shares. The stock’s 50-day moving average price is $43.45 and its 200 day moving average price is $39.29. BanColombia has a 1-year low of $31.98 and a 1-year high of $46.26. The firm has a market capitalization of $11.02 billion, a P/E ratio of 10.53 and a beta of 0.35.
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BanColombia Company Profile
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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