Media coverage about HDFC Bank Limited (NYSE:HDB) has been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. HDFC Bank Limited earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 46.7069313936937 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern’s rankings:

HDFC Bank Limited (NYSE:HDB) traded up 0.85% during trading on Wednesday, reaching $97.10. 617,583 shares of the company’s stock traded hands. The company has a 50-day moving average of $90.36 and a 200 day moving average of $79.99. HDFC Bank Limited has a 12 month low of $59.00 and a 12 month high of $99.77. The stock has a market capitalization of $497.65 billion, a P/E ratio of 210.63 and a beta of 0.87.

The firm also recently declared a None dividend, which was paid on Thursday, August 3rd. Shareholders of record on Thursday, June 29th were issued a $0.494 dividend. The ex-dividend date was Tuesday, June 27th.

Several equities analysts have weighed in on the stock. Jefferies Group LLC upgraded shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Morgan Stanley upgraded shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 25th. BidaskClub upgraded shares of HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Finally, Zacks Investment Research upgraded shares of HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Friday, July 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. HDFC Bank Limited presently has an average rating of “Buy” and a consensus target price of $103.00.

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About HDFC Bank Limited

HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

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