ICICI Bank (IBN) Given Daily Coverage Optimism Rating of 0.11

News headlines about ICICI Bank (NYSE:IBN) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ICICI Bank earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 44.574116639854 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have effected Accern’s rankings:

ICICI Bank (NYSE:IBN) traded down $0.24 during mid-day trading on Thursday, hitting $10.68. The stock had a trading volume of 7,158,397 shares, compared to its average volume of 7,554,542. The stock has a market capitalization of $33,900.00, a price-to-earnings ratio of 35.60, a PEG ratio of 1.06 and a beta of 1.72. ICICI Bank has a 1-year low of $6.82 and a 1-year high of $10.94.

ICICI Bank (NYSE:IBN) last posted its quarterly earnings results on Friday, October 27th. The bank reported $0.10 earnings per share (EPS) for the quarter. ICICI Bank had a return on equity of 7.95% and a net margin of 11.74%. equities research analysts anticipate that ICICI Bank will post 0.47 earnings per share for the current year.

A number of equities analysts have commented on the company. Zacks Investment Research raised ICICI Bank from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Monday, January 8th. ValuEngine cut ICICI Bank from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Morgan Stanley assumed coverage on ICICI Bank in a report on Tuesday. They set an “overweight” rating for the company. Finally, Jefferies Group raised ICICI Bank from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $11.00.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3144761/icici-bank-ibn-given-daily-coverage-optimism-rating-of-0-11.html.

ICICI Bank 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.

Insider Buying and Selling by Quarter for ICICI Bank (NYSE:IBN)

Receive News & Ratings for ICICI Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ICICI Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.