ITV (LON:ITV) Reaches New 12-Month Low at $66.34

ITV plc (LON:ITV – Get Rating) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 66.34 ($0.81) and last traded at GBX 66.64 ($0.81), with a volume of 5417509 shares traded. The stock had previously closed at GBX 70.02 ($0.85).

Several brokerages have commented on ITV. Shore Capital reaffirmed a “buy” rating on shares of ITV in a research report on Tuesday. BNP Paribas lowered ITV from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft lowered ITV to a “hold” rating and decreased their price objective for the stock from GBX 130 ($1.58) to GBX 100 ($1.21) in a report on Wednesday, March 9th. Exane BNP Paribas lowered ITV from an “outperform” rating to a “neutral” rating and set a GBX 93 ($1.13) price objective on the stock. in a report on Tuesday, March 22nd. Finally, Berenberg Bank lifted their price objective on ITV from GBX 64 ($0.78) to GBX 66 ($0.80) and gave the stock a “sell” rating in a report on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, ITV presently has an average rating of “Hold” and an average price target of GBX 114 ($1.38).

The company has a 50 day moving average of GBX 72.50 and a 200 day moving average of GBX 93.47. The company has a current ratio of 1.34, a quick ratio of 1.10 and a debt-to-equity ratio of 75.76. The firm has a market cap of £2.68 billion and a price-to-earnings ratio of 7.53.

In other ITV news, insider Carolyn McCall sold 145,635 shares of ITV stock in a transaction on Monday, March 28th. The stock was sold at an average price of GBX 82 ($1.00), for a total value of £119,420.70 ($144,945.62). Also, insider Mary Harris acquired 4,029 shares of the business’s stock in a transaction on Thursday, March 31st. The stock was acquired at an average price of GBX 83 ($1.01) per share, with a total value of £3,344.07 ($4,058.83).

About ITV (LON:ITV)

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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