ICICI Bank Limited (IBN) Earning Somewhat Favorable Media Coverage, Analysis Shows
News coverage about ICICI Bank Limited (NYSE:IBN) has trended somewhat positive this week, according to Accern Sentiment Analysis. 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 negative one to one, with scores nearest to one being the most favorable. ICICI Bank Limited earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.3654206999001 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Is this time to Go on ICICI Bank Limited (IBN): RSI 27.53 Suggest buy option – Voice Of Analysts (analystsbuzz.com)
- Stocks Alert-: ICICI Bank Limited, (NYSE: IBN) – Stocks In The News (press release) (tradingnewsnow.com)
- ICICI Bank Limited (IBN)- Most Active Performers for the Day – NASDAQ Times (nasdaqtimes.com)
- Technical Facts tell us that more about the ICICI Bank Limited (IBN) – Wall Street Morning (wallstreetmorning.com)
- ICICI Bank launches ‘Cashback’ home loans (content.magicbricks.com)
Shares of ICICI Bank Limited (NYSE IBN) traded up 0.47% on Friday, hitting $8.47. The stock had a trading volume of 8,611,579 shares. ICICI Bank Limited has a 12 month low of $6.43 and a 12 month high of $9.85. The stock has a 50 day moving average of $8.99 and a 200-day moving average of $8.72. The stock has a market cap of $27.13 billion, a PE ratio of 16.87 and a beta of 1.70.
ICICI Bank Limited (NYSE:IBN) last released its quarterly earnings results on Thursday, July 27th. The bank reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. The firm had revenue of $1.39 billion for the quarter. ICICI Bank Limited had a return on equity of 8.86% and a net margin of 13.03%. Equities research analysts anticipate that ICICI Bank Limited will post $0.38 EPS for the current year.
A number of brokerages have recently commented on IBN. BidaskClub cut ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. ValuEngine raised ICICI Bank Limited from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. ICICI Bank Limited presently has a consensus rating of “Buy” and an average target price of $9.50.
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About ICICI Bank Limited
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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