News coverage about ICICI Bank Limited (NYSE:IBN) has trended somewhat positive on Wednesday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ICICI Bank Limited earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 48.3512319169001 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Tracking the Indicators on Shares of Icici Bank Ltd (IBN) - Wall Street Review (thewallstreetreview.com)
- This stock is Likely to be considered risky?: ICICI Bank Limited (IBN) - Street Observer (press release) (streetobserver.com)
- Arga Investment Management, Lp Buys A Lot More ICICI Bank Limited (IBN) Stock Last Quarter - Modern Readers (modernreaders.com)
- Arga Investment Management, Lp Raises Its Position in ICICI Bank Limited (IBN) Last Quarter - First News 24 (firstnewspaper24.com)
- ICICI Bank Limited (IBN) stands 1.78% away from 50 SMA: Technical Watch - Voice Of Analysts (analystsbuzz.com)
A number of equities analysts recently commented on IBN shares. Zacks Investment Research raised shares of ICICI Bank Limited from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Monday, May 8th. Goldman Sachs Group, Inc. (The) raised shares of ICICI Bank Limited from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, June 6th. BidaskClub raised shares of ICICI Bank Limited from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Finally, ValuEngine lowered shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. ICICI Bank Limited has an average rating of “Hold” and an average price target of $11.00.
Shares of ICICI Bank Limited (NYSE IBN) traded down 1.42% during midday trading on Wednesday, hitting $9.04. 4,392,400 shares of the stock were exchanged. The stock has a 50 day moving average price of $9.16 and a 200-day moving average price of $8.25. The company has a market cap of $28.96 billion, a PE ratio of 18.08 and a beta of 1.77. ICICI Bank Limited has a 12 month low of $6.43 and a 12 month high of $9.85.
ICICI Bank Limited (NYSE:IBN) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.10 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. ICICI Bank Limited had a net margin of 13.03% and a return on equity of 8.86%. The company had revenue of $1.39 billion during the quarter. On average, analysts predict that ICICI Bank Limited will post $0.38 EPS for the current year.
ICICI Bank Limited Company Profile
ICICI Bank Limited is a banking company. The Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services.
Receive News & Ratings for ICICI Bank Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICICI Bank Limited and related companies with MarketBeat.com's FREE daily email newsletter.
