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Bancolombia (CIB) in Focus: Stock Moves 5.4% Higher

Zacks Equity Research
·2-min read

Bancolombia S.A. CIB was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 29.3% in the past one-month time frame.

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Bancolombia has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Bancolombia S.A. Price

BanColombia S.A. Price
BanColombia S.A. Price

Bancolombia S.A. price | Bancolombia S.A. Quote

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To read this article on Zacks.com click here.
 
Zacks Investment Research