Somewhat Favorable Media Coverage Somewhat Unlikely to Affect ICICI Bank Limited (IBN) Stock Price
Media coverage about ICICI Bank Limited (NYSE:IBN) has been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ICICI Bank Limited earned a news impact score of 0.16 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.5266717572512 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- ICICI Bank Limited (IBN) noted a price change of 1.25% and Stericycle, Inc. (SRCL) closes with a move of -0.57% – Stocks Gallery (stocksgallery.com)
- Volume Moving the Tape For ICICI Bank Ltd (IBN) – Sheridan Daily (sheridandaily.com)
- Trading Focus: CCI Indicator Review for Icici Bank Ltd (IBN) – Evergreen Caller (evergreencaller.com)
- Baillie Gifford & Co Buys A Lot More ICICI Bank Limited (IBN) Stock Last Quarter – First News 24 (firstnewspaper24.com)
- Stock Highlights on Icici Bank Ltd (IBN) – ExpertGazette (expertgazette.com)
IBN has been the subject of a number of recent analyst reports. Zacks Investment Research raised ICICI Bank Limited from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Monday, May 8th. Goldman Sachs Group, Inc. (The) raised ICICI Bank Limited from a “buy” rating to a “conviction-buy” rating in a research report on Tuesday, June 6th. BidaskClub lowered ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, ValuEngine lowered ICICI Bank Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $11.00.
Shares of ICICI Bank Limited (NYSE:IBN) traded up 0.89% during trading on Tuesday, reaching $9.03. The company’s stock had a trading volume of 6,081,973 shares. The firm’s 50-day moving average is $9.18 and its 200-day moving average is $8.35. The stock has a market capitalization of $28.93 billion, a PE ratio of 18.06 and a beta of 1.77. ICICI Bank Limited has a 12-month low of $6.42 and a 12-month high of $9.85.
ICICI Bank Limited (NYSE:IBN) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $1.39 billion during the quarter. ICICI Bank Limited had a return on equity of 8.86% and a net margin of 13.03%. Equities analysts expect 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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