ITV (OTCMKTS:ITVPF) Lowered to Sell at Berenberg Bank

ITV (OTCMKTS:ITVPFGet Rating) was downgraded by equities research analysts at Berenberg Bank from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, The Fly reports.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. decreased their price objective on ITV from GBX 192 ($2.50) to GBX 170 ($2.21) in a research report on Friday, March 18th. Deutsche Bank Aktiengesellschaft lowered ITV from a “buy” rating to a “hold” rating in a research report on Wednesday, March 9th. The Goldman Sachs Group upgraded ITV from a “sell” rating to a “neutral” rating in a research report on Monday, March 7th. Morgan Stanley lowered ITV from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 7th. Finally, Barclays upgraded ITV from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $131.50.

OTCMKTS:ITVPF opened at $1.11 on Tuesday. ITV has a 1-year low of $1.02 and a 1-year high of $1.89. The stock has a fifty day simple moving average of $1.21 and a 200 day simple moving average of $1.40.

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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