Stock Buzzer: How Analysts Feel About ICICI Bank Ltd (ADR) After Today’s Significant Increase?

Stock Buzzer: How Analysts Feel About ICICI Bank Ltd (ADR) After Today's Significant Increase?

The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) is a huge mover today! About 2.04M shares traded hands. ICICI Bank Ltd (ADR) (NYSE:IBN) has risen 8.99% since March 11, 2016 and is uptrending. It has outperformed by 3.54% the S&P500.
The move comes after 9 months positive chart setup for the $20.86B company. It was reported on Oct, 14 by We have $11.35 PT which if reached, will make NYSE:IBN worth $11.47 billion more.

Analysts await ICICI Bank Ltd (ADR) (NYSE:IBN) to report earnings on November, 4.

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

Out of 4 analysts covering ICICI Bank (NYSE:IBN), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. ICICI Bank has been the topic of 7 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Zacks upgraded ICICI Bank Ltd (ADR) (NYSE:IBN) on Thursday, September 3 to “Hold” rating. The firm has “Buy” rating by Goldman Sachs given on Monday, September 14. The firm has “Neutral” rating given on Tuesday, May 3 by Goldman Sachs. On Wednesday, August 19 the stock rating was upgraded by Zacks to “Sell”. On Thursday, April 21 the stock rating was upgraded by Credit Suisse to “Outperform”. Standpoint Research upgraded ICICI Bank Ltd (ADR) (NYSE:IBN) on Wednesday, August 26 to “Hold” rating. The firm has “Sell” rating by Zacks given on Tuesday, August 25.

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:, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011.‘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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