ITV (LON:ITV) Given Overweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of ITV (LON:ITV) in a report released on Wednesday morning, MarketBeat reports. JPMorgan Chase & Co. currently has a GBX 115 ($1.49) target price on the broadcaster’s stock.

Separately, Citigroup reiterated a “buy” rating on shares of ITV in a report on Thursday, December 5th.

ITV Price Performance

Shares of ITV stock opened at GBX 75.75 ($0.98) on Wednesday. ITV has a 52-week low of GBX 61.29 ($0.79) and a 52-week high of GBX 89 ($1.15). The stock has a market cap of £2.92 billion, a PE ratio of 6.92, a PEG ratio of -0.53 and a beta of 1.44. The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56. The firm’s 50 day moving average price is GBX 73.17 and its two-hundred day moving average price is GBX 74.51.

ITV (LON:ITV) last posted its earnings results on Thursday, March 6th. The broadcaster reported GBX 9.60 ($0.12) earnings per share for the quarter. ITV had a net margin of 12.11% and a return on equity of 23.62%. As a group, analysts forecast that ITV will post 1120 EPS for the current year.

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.