Today’s Stock Alert: ICICI Bank Ltd (ADR) Has Another Very Weak Trading Session

Today's Stock Alert: ICICI Bank Ltd (ADR) Has Another Very Weak Trading Session

The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) is a huge mover today! About 8.83M shares traded hands. ICICI Bank Ltd (ADR) (NYSE:IBN) has risen 11.04% since April 14, 2016 and is uptrending. It has outperformed by 6.35% the S&P500.
The move comes after 6 months negative chart setup for the $22.20B company. It was reported on Nov, 16 by Barchart.com. We have $7.01 PT which if reached, will make NYSE:IBN worth $2.00 billion less.

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. The rating was upgraded by Zacks on Tuesday, August 25 to “Sell”. The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) earned “Sell” rating by Zacks on Wednesday, August 19. Goldman Sachs upgraded the shares of IBN in a report on Monday, October 24 to “Buy” rating. Credit Suisse upgraded the shares of IBN in a report on Thursday, April 21 to “Outperform” rating. The firm earned “Hold” rating on Thursday, September 3 by Zacks. On Monday, September 14 the stock rating was upgraded by Goldman Sachs to “Buy”. Goldman Sachs downgraded ICICI Bank Ltd (ADR) (NYSE:IBN) on Tuesday, May 3 to “Neutral” rating. The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) has “Hold” rating given on Wednesday, August 26 by Standpoint Research. The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) earned “Buy” rating by UBS on Friday, October 21.

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 news for ICICI Bank Ltd (ADR) (NYSE:IBN) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Nasdaq.com‘s article titled: “ICICI Bank Limited – ADR (IBN): New Analyst Report from Zacks Equity Research …” and published on January 06, 2014 is yet another important article.

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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