TVA Group (TSE:TVA.B) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

TVA Group Inc (TSE:TVA.B)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.64 and traded as high as C$1.04. TVA Group shares last traded at C$1.04, with a volume of 2,010 shares.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upped their price objective on TVA Group from C$0.75 to C$1.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$1.00.

TVA Group Stock Down 2.8%

The firm has a market cap of C$44.93 million, a PE ratio of 3.06, a PEG ratio of 1.90 and a beta of 0.75. The business’s 50 day moving average price is C$0.74 and its 200 day moving average price is C$0.64. The company has a debt-to-equity ratio of 25.36, a current ratio of 1.08 and a quick ratio of 0.74.

TVA Group (TSE:TVA.B) last released its earnings results on Thursday, February 19th. The company reported C$0.74 earnings per share for the quarter. The business had revenue of C$185.54 million for the quarter. TVA Group had a negative return on equity of 10.65% and a negative net margin of 6.87%. On average, equities research analysts expect that TVA Group Inc will post 0.05 earnings per share for the current year.

TVA Group Company Profile

TVA Group Inc is a Canada based communications company. Along with its subsidiaries, the firm operates in three segments including the Broadcasting & Production segment which includes the operations of TVA Network, marketing of digital products, commercial production services and distribution of audiovisual products. The Magazines segment publishes French and English language magazines in various fields such as the arts, entertainment, fashion, and sports and markets digital products and provides custom publishing, commercial print production, and pre-media services.