Media stories about ICICI Bank Limited (NYSE:IBN) have been trending somewhat positive on Friday, Accern reports. The research group identifies negative and positive press 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. ICICI Bank Limited earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.5438954025655 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- An Eye on Data: ICICI Bank Limited, (NYSE: IBN) – Stock Watch (stocksnewstimes.com)
- Moving averages give many trading signals on ICICI Bank Limited (IBN) – Wall Street Morning (wallstreetmorning.com)
- Is this time to Go on ICICI Bank Limited (IBN): RSI 26.06 Suggest buy option – Voice Of Analysts (analystsbuzz.com)
- ICICI Bank Limited (IBN)- Safe Haven Investment Performance Stocks – NASDAQ Times (nasdaqtimes.com)
- Shares of ICICI Bank Limited (IBN) are worth at $8.37 – Wall Street Morning (wallstreetmorning.com)
IBN has been the subject of several recent analyst reports. BidaskClub raised ICICI Bank Limited from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. ValuEngine downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research downgraded ICICI Bank Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $9.50.
Shares of ICICI Bank Limited (NYSE:IBN) opened at 8.29 on Friday. ICICI Bank Limited has a 12-month low of $6.58 and a 12-month high of $9.85. The firm has a market cap of $26.56 billion, a P/E ratio of 16.51 and a beta of 1.70. The stock has a 50 day moving average price of $8.89 and a 200 day moving average price of $8.74.
ICICI Bank Limited (NYSE:IBN) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. ICICI Bank Limited had a return on equity of 8.86% and a net margin of 13.03%. The business had revenue of $1.39 billion for the quarter. On average, equities analysts expect that ICICI Bank Limited will post $0.38 earnings per share for the current year.
ICICI Bank Limited 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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