ITV (LON:ITV) Stock Rating Reaffirmed by Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of ITV (LON:ITVGet Rating) in a research report released on Thursday, MarketBeat reports.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft cut ITV to a hold rating and lowered their target price for the stock from GBX 130 ($1.69) to GBX 100 ($1.30) in a report on Wednesday, March 9th. Exane BNP Paribas cut ITV from an outperform rating to a neutral rating and set a GBX 93 ($1.21) target price for the company. in a report on Tuesday, March 22nd. BNP Paribas cut ITV from an outperform rating to a neutral rating in a report on Tuesday, March 22nd. Shore Capital reiterated a buy rating on shares of ITV in a report on Tuesday, April 5th. Finally, Barclays cut ITV to an equal weight rating and lowered their target price for the stock from GBX 160 ($2.08) to GBX 95 ($1.24) in a report on Friday, March 4th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of GBX 133.50 ($1.74).

Shares of ITV stock opened at GBX 77.02 ($1.00) on Thursday. The stock’s fifty day moving average is GBX 93.84 and its two-hundred day moving average is GBX 105.52. The company has a market capitalization of £3.10 billion and a PE ratio of 8.28. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 75.76. ITV has a 52 week low of GBX 69.28 ($0.90) and a 52 week high of GBX 134.15 ($1.75).

The firm also recently announced a dividend, which will be paid on Thursday, May 26th. Investors of record on Thursday, April 14th will be given a dividend of GBX 3.30 ($0.04) per share. This represents a yield of 2.98%. The ex-dividend date is Thursday, April 14th.

In other ITV news, insider Edward Carter bought 50,000 shares of ITV stock in a transaction that occurred on Monday, March 7th. The shares were bought at an average cost of GBX 75 ($0.98) per share, with a total value of £37,500 ($48,866.30). Also, insider Peter Bazalgette bought 110,059 shares of ITV stock in a transaction that occurred on Thursday, March 3rd. The shares were acquired at an average cost of GBX 90 ($1.17) per share, for a total transaction of £99,053.10 ($129,076.23). Insiders have purchased a total of 176,314 shares of company stock worth $14,980,023 over the last ninety days.

About ITV (Get Rating)

ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Media & Entertainment, and ITV Studios segments. The Media & Entertainment segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services.

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Analyst Recommendations for ITV (LON:ITV)

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