Traders Buy High Volume of Call Options on ICICI Bank (IBN)
ICICI Bank (NYSE:IBN) was the recipient of unusually large options trading activity on Monday. Stock traders bought 11,582 call options on the company, Analyst Ratings Network reports. This is an increase of 335% compared to the typical volume of 2,664 call options.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of ICICI Bank from a “neutral” rating to an “outperform” rating in a research note on Monday, April 7th. They now have a $49.00 price target on the stock. Analysts at Standpoint Research downgraded shares of ICICI Bank from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th.
ICICI Bank (NYSE:IBN) traded down 2.35% on Monday, hitting $48.97. 1,818,744 shares of the company’s stock traded hands. ICICI Bank has a one year low of $24.94 and a one year high of $52.48. The stock has a 50-day moving average of $48.39 and a 200-day moving average of $40.54. The company has a market cap of $28.276 billion and a price-to-earnings ratio of 15.63.
ICICI Bank (NYSE:IBN) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.02. Analysts expect that ICICI Bank will post $3.32 EPS for the current fiscal year.
ICICI Bank Limited (NYSE:IBN) is a banking company engaged in providing a range of banking and financial services, including commercial banking and treasury operations.
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