ValuEngine lowered shares of Banco De Chile (NYSE:BCH) from a buy rating to a hold rating in a report released on Wednesday morning.

BCH has been the subject of a number of other research reports. Credit Suisse Group reissued a hold rating on shares of Banco De Chile in a research report on Friday, December 22nd. Zacks Investment Research downgraded Banco De Chile from a buy rating to a hold rating in a research report on Thursday, November 16th. Scotiabank downgraded Banco De Chile from an outperform rating to a sector perform rating in a research report on Tuesday, October 24th. Santander raised Banco De Chile from a hold rating to a buy rating in a research report on Thursday, September 21st. Finally, JPMorgan Chase & Co. downgraded Banco De Chile from an overweight rating to a neutral rating and set a $92.00 price target for the company. in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $88.67.

Shares of Banco De Chile (NYSE:BCH) opened at $100.93 on Wednesday. Banco De Chile has a 1 year low of $67.68 and a 1 year high of $101.71. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.39 and a current ratio of 1.42. The stock has a market capitalization of $16,810.00, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.05 and a beta of 0.43.

A number of hedge funds have recently bought and sold shares of BCH. Nordea Investment Management AB grew its position in Banco De Chile by 140.2% during the second quarter. Nordea Investment Management AB now owns 3,788 shares of the bank’s stock valued at $295,000 after acquiring an additional 2,211 shares during the period. Banco BTG Pactual S.A. lifted its stake in shares of Banco De Chile by 69.0% during the second quarter. Banco BTG Pactual S.A. now owns 4,900 shares of the bank’s stock worth $382,000 after purchasing an additional 2,000 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Banco De Chile by 47.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,395 shares of the bank’s stock worth $401,000 after purchasing an additional 1,411 shares in the last quarter. Summit Global Investments lifted its stake in shares of Banco De Chile by 17.2% during the second quarter. Summit Global Investments now owns 8,160 shares of the bank’s stock worth $636,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Banco De Chile by 4.5% during the second quarter. Stifel Financial Corp now owns 9,100 shares of the bank’s stock worth $706,000 after purchasing an additional 391 shares in the last quarter. 1.41% of the stock is owned by hedge funds and other institutional investors.

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About Banco De Chile

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