ITV (LON:ITV) Stock Price Passes Above 200 Day Moving Average – What’s Next?

ITV plc (LON:ITV) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 79.52 and traded as high as GBX 81.75. ITV shares last traded at GBX 81.25, with a volume of 11,870,208 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price objective on shares of 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, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 105.

ITV Trading Up 1.1%

The company has a 50 day moving average of GBX 81.24 and a 200 day moving average of GBX 79.52. The company has a current ratio of 1.56, a quick ratio of 0.83 and a debt-to-equity ratio of 46.00. The firm has a market cap of £3.03 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44.

ITV Company Profile

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.