Today’s Stock Alert: Is ICICI Bank Ltd (ADR)’s Fuel For Real? The Stock Just Increased Again

Today's Stock Alert: Is ICICI Bank Ltd (ADR)'s Fuel For Real? The Stock Just Increased Again

The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) is a huge mover today! About 8.87 million shares traded hands. ICICI Bank Ltd (ADR) (NYSE:IBN) has risen 0.67% since April 27, 2016 and is uptrending. It has underperformed by 4.56% the S&P500.
The move comes after 8 months positive chart setup for the $22.86 billion company. It was reported on Nov, 30 by Barchart.com. We have $8.41 PT which if reached, will make NYSE:IBN worth $1.60B more.

Analysts await ICICI Bank Ltd (ADR) (NYSE:IBN) to report earnings on January, 26.

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

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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