ITV plc (OTCMKTS:ITVPY) Receives Average Rating of “Hold” from Analysts

Shares of ITV plc (OTCMKTS:ITVPY – Get Rating) have received a consensus rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $55.43.

A number of equities analysts recently issued reports on the stock. Barclays decreased their target price on shares of ITV from GBX 0.95 ($0.01) to GBX 0.85 ($0.01) in a research report on Thursday, May 12th. Deutsche Bank Aktiengesellschaft cut ITV from a “buy” rating to a “hold” rating in a report on Wednesday, March 9th. Finally, Berenberg Bank lowered ITV from a “hold” rating to a “sell” rating in a research note on Tuesday, April 19th.

OTCMKTS:ITVPY opened at $8.71 on Thursday. ITV has a 1 year low of $8.16 and a 1 year high of $19.66. The business has a fifty day moving average of $9.36 and a 200-day moving average of $12.63.

The business also recently declared a dividend, which will be paid on Friday, June 10th. Shareholders of record on Tuesday, April 19th will be issued a $0.3843 dividend. The ex-dividend date of this dividend is Monday, April 18th. This represents a dividend yield of 3.74%.

ITV Company Profile (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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