Banco De Chile (NYSE:BCH) reached a new 52-week high on Monday . The stock traded as high as $69.84 and last traded at $69.11, with a volume of 17,097 shares. The stock had previously closed at $69.18.

Several brokerages have commented on BCH. Zacks Investment Research raised Banco De Chile from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. downgraded Banco De Chile from an “overweight” rating to a “neutral” rating in a research note on Friday, May 6th. Standpoint Research downgraded Banco De Chile from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Scotiabank raised Banco De Chile from a “sector perform” rating to an “outperform” rating in a research note on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $71.60.

The stock’s 50-day moving average is $65.92 and its 200-day moving average is $62.56. The stock has a market capitalization of $11.19 billion and a P/E ratio of 12.65.

Banco de Chile is a privately owned bank. The Company is a full-service financial institution that provides, directly and indirectly through its subsidiaries and affiliates, a range of lending and non-lending products and services to all segments of the Chilean financial market. Its core business is commercial banking in Chile, providing traditional banking products and specialized financial services to its customer base of individuals and companies.

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