Somewhat Favorable News Coverage Unlikely to Impact ICICI Bank (IBN) Share Price
Press coverage about ICICI Bank (NYSE:IBN) has trended somewhat positive on Friday, according to InfoTrie. InfoTrie rates the sentiment of news coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ICICI Bank earned a news impact score of 0.67 on their scale. InfoTrie also assigned media stories about the bank an news buzz score of 3 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted ICICI Bank’s analysis:
- NCLT directs Era Infra RP to admit ICICI Bank as financial creditor (moneycontrol.com)
- NCLT allows ICICI Bank’s Rs 7-bn claim in Era Infra insolvency case (business-standard.com)
- NCLT directs Era Infra resolution professional to admit ICICI Bank as financial creditor (financialexpress.com)
- ICICI Bank’s revamped app goes live (thehindubusinessline.com)
- ICICI Bank’s iMobile app gets Money Coach investment advisory section (timesofindia.indiatimes.com)
IBN has been the subject of several research analyst reports. Zacks Investment Research upgraded ICICI Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. HSBC lowered ICICI Bank from a “buy” rating to a “hold” rating in a research report on Friday, November 23rd. Finally, JPMorgan Chase & Co. upgraded ICICI Bank from a “neutral” rating to an “overweight” rating in a research report on Monday, October 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $11.00.
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About ICICI Bank
ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and fixed, recurring, and security deposits.
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