Credicorp (NYSE:BAP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “CreditCorp LTD is a limited liability company to act as a holding company, to coordinate the policy and administration of its subsidiaries and engage in investing activities. Credicorp’s principal objective is to coordinate and manage the business plans of its subsidiaries in an effort to implement universal banking services in Peru, while diversifying regionally. They conduct their financial business exclusively through its subsidiaries “

A number of other brokerages have also issued reports on BAP. HSBC lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. ValuEngine lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Citigroup lowered Credicorp from a “buy” rating to a “neutral” rating in a research report on Friday, September 29th. Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. Finally, lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $225.50.

Shares of Credicorp (NYSE BAP) traded up $3.88 during mid-day trading on Tuesday, reaching $217.46. The company’s stock had a trading volume of 368,700 shares, compared to its average volume of 259,500. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.04. Credicorp has a one year low of $150.71 and a one year high of $218.88. The firm has a market cap of $16,972.52, a price-to-earnings ratio of 15.80, a PEG ratio of 1.08 and a beta of 0.86.

Several institutional investors have recently made changes to their positions in the company. Commonwealth Bank of Australia lifted its holdings in shares of Credicorp by 0.3% in the second quarter. Commonwealth Bank of Australia now owns 7,895 shares of the bank’s stock valued at $1,415,000 after buying an additional 27 shares during the period. Aviva PLC lifted its holdings in shares of Credicorp by 2.9% in the second quarter. Aviva PLC now owns 12,429 shares of the bank’s stock valued at $2,229,000 after buying an additional 350 shares during the period. Guardian Capital LP lifted its holdings in shares of Credicorp by 2.7% in the third quarter. Guardian Capital LP now owns 13,325 shares of the bank’s stock valued at $2,732,000 after buying an additional 350 shares during the period. Fred Alger Management Inc. lifted its holdings in shares of Credicorp by 11.4% in the second quarter. Fred Alger Management Inc. now owns 4,100 shares of the bank’s stock valued at $735,000 after buying an additional 420 shares during the period. Finally, Advisor Group Inc. lifted its holdings in shares of Credicorp by 143.0% in the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock valued at $130,000 after buying an additional 426 shares during the period. Institutional investors and hedge funds own 65.99% of the company’s stock.

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About Credicorp

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

Analyst Recommendations for Credicorp (NYSE:BAP)

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