ICICI Bank (NYSE:IBN) Getting Somewhat Positive News Coverage, Report Finds

News coverage about ICICI Bank (NYSE:IBN) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ICICI Bank earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.6870329760466 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

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

Shares of ICICI Bank (IBN) traded down $0.03 during trading on Monday, hitting $9.35. 4,429,648 shares of the company were exchanged, compared to its average volume of 8,116,637. The firm has a market cap of $30,048.47, a PE ratio of 23.45, a P/E/G ratio of 1.02 and a beta of 1.73. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.72. ICICI Bank has a 1-year low of $6.69 and a 1-year high of $9.93.

A number of equities analysts have recently commented on the stock. Jefferies Group raised shares of ICICI Bank from a “hold” rating to a “buy” rating in a report on Monday, October 30th. Morgan Stanley raised shares of ICICI Bank from an “underweight” rating to an “overweight” rating in a report on Wednesday, October 25th. ValuEngine downgraded shares of ICICI Bank from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Zacks Investment Research raised shares of ICICI Bank from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a report on Tuesday, September 26th. Finally, BidaskClub upgraded shares of ICICI Bank from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. ICICI Bank has a consensus rating of “Buy” and an average price target of $9.50.

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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)

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