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 Joins Elite Club Of Stocks With RS Ratings Over 90 (finance.yahoo.com)
- ICICI Bank Limited (IBN) to Grab Passive Investors’ Attentions on Active Obligations – Stock News Stop (stockmarketstop.com)
- ICICI Bank Limited (IBN) Spectacular Insider Ownership of 62.40% – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Hair-Raising Facts to Know: ICICI Bank Limited (NYSE: IBN) – Alpha Beta Stock (alphabetastock.com)
- Today Analysts Focus on – ICICI Bank Limited, (NYSE: IBN), CBS Corporation, (NYSE: CBS) – Stocks In The News (press release) (tradingnewsnow.com)
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.
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.
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.
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