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JP Morgan Hits Banco De Chile (NYSE:BCH) Hard With Today's Downgrade

Banco de Chile
Brokers Add To Their Ratings On Banco De Chile (NYSE:BCH)
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10 September, 2017

Banco de Chile had 11 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of WPP plc - American Depositary Shares each representing five Ordinary Shares (NASDAQ:WPPGY) earned "Hold" rating by Pivotal Research on Thursday, January 12.

On September 6 the stock rating was downgraded from "Overweight" to "Neutral" in a report from JP Morgan.

TRADEMARK VIOLATION WARNING: "Zurcher Kantonalbank Zurich Cantonalbank Has $2,468,000 Position in Banco De Chile (BCH)" was reported by BBNS and is the property of of BBNS. O Shaughnessy Asset Management has an ownership of 4,879 stocks of the bank's shares valued $122,000 following purchasing an extra 967 shares through out the quarter. Barclays Capital maintained the shares of BCH in report on Thursday, April 7 with "Overweight" rating. The firm has "Hold" rating by Standpoint Research given on Monday, August 15. Company shares last traded at $88.04 just above $86.68, the stock's 50 day moving average and which is quite a bit higher than the 200 day moving average of $78.52. Karp Capital Management Corp purchased a new stake in shares of Banco De Chile during the first quarter worth $8,365,000. JP Morgan upgraded the stock to "Overweight" rating in Tuesday, December 13 report.

Banco de Chile is a full service financial institution, which is involved in providing credit and non-credit products and services in Chile. Ariel Investments Llc who had been investing in Banco Santander for a number of months, seems to be less bullish one the $13.76 billion market cap company. Credit Suisse Group set a $76.00 price objective on shares of Banco De Chile and gave the stock a "hold" rating in a report on Saturday, July 1st. Lastly, Zacks reduced stocks of Banco Santander-Chile from a "buy" recommendation to a "hold" recommendation in a study on Fri, Aug 4th. Standpoint Research upgraded Banco de Chile (ADR) (NYSE:BCH) rating on Wednesday, August 26. The stock of WPP plc - American Depositary Shares each representing five Ordinary Shares (NASDAQ:WPPGY) earned "Hold" rating by Pivotal Research on Friday, October 16. About 471,326 shares traded. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Banco Santander-Chile were valued $2,011,000 during the latest fiscal quarter. The 50 day moving average went up $1.36 or +1.57% and the 200 day average moved up $9.52. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and worldwide trademark and copyright laws. As of quarter end Eqis Capital Management, Inc. had bought a total of 3,259 shares growing its position 68.5%. UBS Group AG now owns 5,819 shares of the bank's stock valued at $420,000 after buying an additional 2,830 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Banco De Chile by 59.3% during the first quarter. The value of the company's investment in Banco De Chile Banco De Chile A increased from $1,020,000 to $1,087,000 increasing 6.6% since the last quarter.


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