Disclosed are a display device integrated with a touch screen and a method of driving the same, the display device comprising: a touch panel comprising a touch electrode which is disposed in each of a plurality of pixels defined by intersections between a plurality of gate lines and a plurality of data lines; a display driver supplying data voltages for displaying an image to the respective pixels during a display period, and supplying an initialization data voltage for initializing a capacitance of the touch electrode to each pixel during a touch sensing period; and a touch driver sensing the capacitance of the touch electrode to detect a touched position during the touch sensing period. The display device integrated with the touch screen and the method of driving the same according to the present invention initialize capacitances of the touch electrodes to the same value irrespective of image data of the pixels being changed from black to white during the display period, thus preventing the occurrence of a touch error due to a screen change.