Bancolombia (CIB) Upgraded to Strong Buy: What Does It Mean for the Stock?
CIBBanombia S.A.(CIB) zacks.com·2024-05-23 01:01

Bancolombia (CIB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.S ...