lunes, 9 de mayo de 2011

HSBC (HBC) Analysts Downgrade Bancolombia S.A. (CIB) Shares to “Underweight”



Fuente: AmericanBankingNews.

Equities research analysts at HSBC (NYSE: HBC) downgraded shares of Bancolombia S.A. (NYSE: CIB)from a “neutral” rating to an “underweight” rating in a research note to investors on Friday.

Separately, analysts at JPMorgan Chase & Co. (NYSE: JPM) downgraded shares of Bancolombia S.A. from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, April 26th. Also, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Bancolombia S.A. from $54.00 to $57.00 in a research note to investors on Monday, April 11st. They now have an “underweight” rating on the stock.

Shares of Bancolombia S.A. opened at 62.83 on Monday. Bancolombia S.A. has a 52 week low of $42.53 and a 52 week high of $69.44. The stock’s 50-day moving average is $63.29 and its 200-day moving average is $61.54. The company has a market cap of $12.375 billion and a price-to-earnings ratio of 15.12.

Bancolombia S.A. (Bancolombia or the Bank) is a full-service financial institution that provides a range of banking products and services to a diversified individual and corporate customer base throughout Colombia, as well as in other jurisdictions, such as Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru, Brazil, the United States and Spain.

The Bank manages its business through six main operating segments: Retail and Small Business Banking, Corporate and Governmental Banking, Treasury, Offshore Commercial Banking, Leasing and All Other Segments. Together with its subsidiaries, the Bank provides a range products and services, including savings and investment, financing, treasury, comprehensive cash management, foreign currency, bancassurance and insurance, brokerage services, investment banking, and asset management and trust services. As of December 31, 2009, the Bank’s consolidated branch network consisted of 900 offices.

No hay comentarios:

Publicar un comentario