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Credicorp (BAP) Catches Eye: Stock Adds 6% in Session

Zacks Equity Research

Credicorp Ltd. BAP was a big mover last session, as its shares rose a little over 6% on the day. The move came after the company announced reported third-quarter 2016 net profit late on Nov 3, of 975.245 million soles ($288.53 million). This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $145.23 to $151.67 in the past one-month time frame.

Over the last 30 days, the company witnessed one negative estimate revision while the Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Credicorp currently carries a Zacks Rank #4 (Sell).




A better-ranked stock in the banks-foreign space is Banco de Chile BCH, which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is BAP going up? Or down? Predict to see what others think: Up or Down

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