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

Shares of ITV plc (LON:ITV) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

ITV has been the topic of several research reports. Citigroup reissued a “buy” rating on shares of ITV in a report on Thursday, December 5th. JPMorgan Chase & Co. raised their target price on shares of ITV from GBX 114 ($1.44) to GBX 115 ($1.45) and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Shore Capital restated a “buy” rating on shares of ITV in a research note on Thursday, November 7th.

ITV Trading Up 0.8 %

The company has a market capitalization 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. The company has a quick ratio of 0.83, a current ratio of 1.56 and a debt-to-equity ratio of 46.00. The company’s 50 day simple moving average is GBX 72.94 and its two-hundred day simple moving average is GBX 74.95.

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.