HDFC Bank Limited (HDB) Earning Somewhat Favorable Media Coverage, Accern Reports

News stories about HDFC Bank Limited (NYSE:HDB) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HDFC Bank Limited earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 47.3629232298852 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of HDFC Bank Limited (HDB) traded down $0.65 during midday trading on Friday, hitting $94.02. 393,200 shares of the stock traded hands, compared to its average volume of 730,102. The company has a market cap of $80,865.41, a price-to-earnings ratio of 35.59, a PEG ratio of 1.08 and a beta of 0.83. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.71. HDFC Bank Limited has a one year low of $59.00 and a one year high of $100.26.

Several brokerages have recently issued reports on HDB. Zacks Investment Research lowered shares of HDFC Bank Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Jefferies Group LLC raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley raised shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. HDFC Bank Limited has an average rating of “Buy” and an average price target of $110.00.

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HDFC Bank Limited Company Profile

HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

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