HDFC Bank (NYSE:HDB) Earning Somewhat Positive News Coverage, Report Shows

Headlines about HDFC Bank (NYSE:HDB) have been trending somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. HDFC Bank earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.6425842179597 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have effected Accern Sentiment’s analysis:

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Separately, Zacks Investment Research raised HDFC Bank from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Monday, January 1st.

HDB stock traded up $0.98 on Tuesday, reaching $98.51. The company had a trading volume of 516,380 shares, compared to its average volume of 727,866. HDFC Bank has a 1 year low of $77.26 and a 1 year high of $110.77. The firm has a market cap of $83,747.31, a P/E ratio of 39.07, a PEG ratio of 0.89 and a beta of 1.00.

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HDFC Bank Company Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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