The Itau CorpBanca (ITCB) Given Average Recommendation of “Strong Buy” by Brokerages

The Itau CorpBanca (ITCB) Given Average Recommendation of “Strong Buy” by Brokerages

Itau CorpBanca (NYSE:ITCB) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $17.24 for the company, according to Zacks. Zacks has also assigned Itau CorpBanca an industry rank of 109 out of 265 based on the ratings given to its competitors.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in Itau CorpBanca during the second quarter worth approximately $101,000. Eagle Global Advisors LLC purchased a new position in Itau CorpBanca during the second quarter worth approximately $230,000. Comerica Bank purchased a new position in Itau CorpBanca during the second quarter worth approximately $239,000. KBC Group NV purchased a new position in Itau CorpBanca during the second quarter worth approximately $239,000. Finally, World Asset Management Inc purchased a new position in Itau CorpBanca during the second quarter worth approximately $270,000. 1.09% of the stock is currently owned by institutional investors.

Shares of Itau CorpBanca (NYSE:ITCB) opened at 13.81 on Tuesday. The firm has a market cap of $7076.34 billion, a price-to-earnings ratio of 13810.00 and a beta of 1.03. The firm has a 50-day moving average price of $13.21 and a 200 day moving average price of $12.87. Itau CorpBanca has a 12-month low of $10.58 and a 12-month high of $14.43.

Itau CorpBanca Company Profile

CorpBanca (the Bank) is a banking company. The Bank operates through seven segments. The Large, Corporate and Real Estate Companies segment includes companies that belong to major economic groups and specific industries. The Companies segment includes a range of financial products and services, and leasing and factoring.

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