ITV (LON:ITV) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of ITV plc (LON:ITV) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 79.57 and traded as high as GBX 81.20. ITV shares last traded at GBX 79.55, with a volume of 4,609,140 shares traded.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price target on ITV from GBX 112 to GBX 105 and set an “overweight” rating for the company in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 105.

ITV Stock Up 0.5%

The company has a debt-to-equity ratio of 46.00, a current ratio of 1.56 and a quick ratio of 0.83. The business’s fifty day moving average price is GBX 80.50 and its two-hundred day moving average price is GBX 79.57. The stock has a market capitalization of £2.99 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44.

About ITV

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.

ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network. It is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial broadcaster and streamer in the UK, delivering unrivalled audience scale and reach.