Somewhat Favorable Media Coverage Somewhat Unlikely to Affect ICICI Bank (IBN) Share Price
News headlines about ICICI Bank (NYSE:IBN) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing 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 nearest to one being the most favorable. ICICI Bank earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.5050632654015 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- Are These Just A Random Activities? ICICI Bank Limited (IBN), ASunTrust Banks, Inc. (STI) – Market Movers (financialqz.com)
- ICICI Bank Limited (NYSE: IBN) – Comprehensive Stock Analysis – Alpha Beta Stock (alphabetastock.com)
- ICICI Bank Limited (IBN) Investors’ React on Long-Term Obligation – Stock News Stop (stockmarketstop.com)
- ICICI Bank Limited (IBN) Reaches $9.57 After 6.00% Up Move; Mazor Robotics Ltd. (MZOR) Covered By 2 Bulls – Hill Country Times (hillcountrytimes.com)
- ICICI Bank Limited (IBN) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
A number of equities research analysts have recently commented on IBN shares. Jefferies Group upgraded shares of ICICI Bank from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. ValuEngine upgraded shares of ICICI Bank from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Morgan Stanley upgraded shares of ICICI Bank from an “underweight” rating to an “overweight” rating in a research report on Wednesday, October 25th. BidaskClub upgraded shares of ICICI Bank from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research upgraded shares of ICICI Bank from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $9.50.
ICICI Bank (NYSE:IBN) traded down $0.08 during trading on Friday, reaching $9.48. 4,336,486 shares of the company traded hands, compared to its average volume of 5,979,057. ICICI Bank has a 52-week low of $6.69 and a 52-week high of $9.93. The firm has a market capitalization of $30,368.82, a PE ratio of 23.70, a P/E/G ratio of 1.04 and a beta of 1.73. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.72.
About ICICI Bank
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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