Media coverage about HDFC Bank (NYSE:HDB) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HDFC Bank earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.4491946279295 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, Zacks Investment Research cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $110.00.
HDFC Bank (NYSE HDB) traded down $1.27 during mid-day trading on Thursday, reaching $96.14. The company had a trading volume of 595,100 shares, compared to its average volume of 708,635. HDFC Bank has a 12-month low of $59.00 and a 12-month high of $100.26. The firm has a market cap of $83,205.88, a PE ratio of 36.62, a price-to-earnings-growth ratio of 1.11 and a beta of 0.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.91 and a quick ratio of 0.91.
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About HDFC Bank
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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