Bancolombia SA (ADR) (CIB) is Downgraded by HSBC Securities to Hold

Bancolombia SA (ADR) (CIB) was Downgraded by HSBC Securities to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. HSBC Securities advised their investors in a research report released on May 25, 2016.

Many Wall Street Analysts have commented on Bancolombia SA (ADR). Company shares were Reiterated by Barclays on Mar 24, 2016 to “Underweight”, Firm has raised the Price Target to $ 30.50 from a previous price target of $29.50 .Bancolombia SA (ADR) was Downgraded by BofA/Merrill to ” Neutral” on Mar 14, 2016. Bancolombia SA (ADR) was Upgraded by Credit Suisse to ” Outperform” on Mar 7, 2016.

Bancolombia SA (ADR) opened for trading at $35.31 and hit $35.69 on the upside on Friday, eventually ending the session at $35.45, with a gain of 0.91% or 0.32 points. The heightened volatility saw the trading volume jump to 1,65,796 shares. Company has a market cap of $8,524 M.

Bancolombia S.A. is a commercial bank. The Bank provides financial products and services to a diversified individual corporate and government customer base throughout Colombia Latin America and the Caribbean region. The Bank and its subsidiaries offer savings and investment financing mortgage banking factoring financial and operating leases capital markets eTrading cash management foreign currency insurance investment banking and trust and fiduciary services. The Bank manages its business through ten main operating segments: Banking Colombia Banking Panama Banking El Salvador Leasing Trust Investment Banking Brokerage Insurance Off Shore and All other. It performs inter-bank lending repurchase agreements (repos) foreign exchange transactions as well as sovereign and corporate securities sales and trading. It operates through Panama’s Grupo Agromercantil Holding SA.

Bancolombia SA (ADR)

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