ITV (LON:ITV) Stock Crosses Above 200-Day Moving Average – Here’s Why

ITV plc (LON:ITV) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 75.03 ($0.95) and traded as high as GBX 75.35 ($0.95). ITV shares last traded at GBX 74.55 ($0.94), with a volume of 3,343,628 shares changing hands.

Analyst Upgrades and Downgrades

ITV has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of ITV in a report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price objective on shares of ITV from GBX 114 ($1.44) to GBX 115 ($1.45) and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Shore Capital reaffirmed a “buy” rating on shares of ITV in a report on Thursday, November 7th.

ITV Stock Performance

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’s 50-day moving average is GBX 72.94 and its two-hundred day moving average is GBX 74.95. The stock has a market cap of £2.90 billion, a price-to-earnings ratio of 6.87, a P/E/G 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.