News stories about Banco de Chile (NYSE:BCH) have trended very positive this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Banco de Chile earned a media sentiment score of 3.17 on their scale. InfoTrie also gave media coverage about the bank an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the near future.
Several analysts recently issued reports on the company. Zacks Investment Research raised Banco de Chile from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research note on Thursday, August 2nd. HSBC assumed coverage on Banco de Chile in a research note on Monday, August 20th. They issued a “reduce” rating on the stock. Finally, ValuEngine cut Banco de Chile from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Five analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. Banco de Chile presently has an average rating of “Sell” and a consensus price target of $98.00.
Shares of NYSE BCH traded up $1.52 during trading hours on Friday, hitting $89.27. The company’s stock had a trading volume of 28,900 shares, compared to its average volume of 33,976. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.40 and a quick ratio of 1.39. The stock has a market capitalization of $14.36 billion, a PE ratio of 16.14, a PEG ratio of 1.74 and a beta of 0.48. Banco de Chile has a 12 month low of $79.60 and a 12 month high of $106.50.
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Banco de Chile Company Profile
Banco de Chile provides various banking products and services to individuals, corporate clients, large companies, and small and medium-sized companies in Chile and internationally. The company operates through four segments: Retail, Wholesale, Treasury, and Subsidiaries. It offers checking accounts; personal, car, and mortgage loans; credit cards; credit lines; and investment products, such as fixed-term, automatic renewal, and tax benefit deposits, as well as stocks, portfolio management, voluntary retirement savings/mutual funds, foreign currency, and fixed income investment products.
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