ITV (LON:ITV) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

ITV plc (LON:ITV)’s share price crossed 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 traded.

Wall Street Analyst Weigh In

ITV has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on ITV from GBX 114 ($1.44) to GBX 115 ($1.46) and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Shore Capital reiterated a “buy” rating on shares of ITV in a report on Thursday, November 7th. Finally, Citigroup restated a “buy” rating on shares of ITV in a report on Thursday, December 5th.

ITV Stock Up 0.8 %

The stock has a fifty day moving average of GBX 72.88 and a 200 day moving average of GBX 75.03. 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 firm has a market capitalization of £2.90 billion, a P/E ratio of 6.87, 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.