Breaking: Could ICICI Bank Ltd (ADR) Lose Strenght? The Stock Increases A Lot Today

Breaking: Could ICICI Bank Ltd (ADR) Lose Strenght? The Stock Increases A Lot Today

The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) is a huge mover today! About 9.20M shares traded hands. ICICI Bank Ltd (ADR) (NYSE:IBN) has risen 18.80% since April 5, 2016 and is uptrending. It has outperformed by 16.84% the S&P500.
The move comes after 7 months positive chart setup for the $24.53 billion company. It was reported on Nov, 7 by Barchart.com. We have $11.27 PT which if reached, will make NYSE:IBN worth $7.60 billion more.

ICICI Bank Ltd (ADR) (NYSE:IBN) Ratings Coverage

Out of 5 analysts covering ICICI Bank (NYSE:IBN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. ICICI Bank has been the topic of 9 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Credit Suisse upgraded ICICI Bank Ltd (ADR) (NYSE:IBN) on Thursday, April 21 to “Outperform” rating. On Wednesday, August 19 the stock rating was upgraded by Zacks to “Sell”. On Monday, October 24 the stock rating was upgraded by Goldman Sachs to “Buy”. Standpoint Research upgraded the stock to “Hold” rating in Wednesday, August 26 report. UBS upgraded the shares of IBN in a report on Friday, October 21 to “Buy” rating. The firm earned “Neutral” rating on Tuesday, May 3 by Goldman Sachs. The firm earned “Buy” rating on Monday, September 14 by Goldman Sachs. The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) has “Sell” rating given on Tuesday, August 25 by Zacks. The company was upgraded on Thursday, September 3 by Zacks.

According to Zacks Investment Research, “ICICI Bank offers a wide range of banking products and services to corporate and retail customers through a variety of delivery channels.”

More recent ICICI Bank Ltd (ADR) (NYSE:IBN) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Benzinga.com published the news titled: “Mid-Morning Market Update: Markets Open Higher; LendingClub Posts Narrower …” on November 07, 2016. Nasdaq.com‘s news article titled: “ICICI Bank Limited – ADR (IBN): New Analyst Report from Zacks Equity Research …” with publication date: January 06, 2014 was also an interesting one.

IBN Company Profile

ICICI Bank Limited (the Bank), incorporated on January 5, 1994, 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 services and products.

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