Somewhat Favorable Press Coverage Somewhat Unlikely to Impact ICICI Bank Limited (IBN) Share Price
Headlines about ICICI Bank Limited (NYSE:IBN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. ICICI Bank Limited earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 46.2299623170277 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’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 weighed in 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 target price for the company in a research note on Monday, May 8th. Goldman Sachs Group, Inc. (The) upgraded shares of ICICI Bank Limited from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, June 6th. BidaskClub upgraded shares of ICICI Bank Limited from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Finally, ValuEngine cut shares of ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $11.00.
Shares of ICICI Bank Limited (IBN) opened at 9.04 on Thursday. ICICI Bank Limited has a 12-month low of $6.43 and a 12-month high of $9.85. The firm has a market capitalization of $28.96 billion, a PE ratio of 18.08 and a beta of 1.77. The firm has a 50-day moving average of $9.16 and a 200-day moving average of $8.25.
ICICI Bank Limited (NYSE:IBN) last issued its quarterly earnings data on Thursday, July 27th. The bank reported $0.10 EPS for the quarter, hitting 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 business had revenue of $1.39 billion during the quarter. Equities analysts anticipate that ICICI Bank Limited will post $0.38 earnings per share for the current year.
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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.
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