ITV (OTCMKTS:ITVPY) Sees Large Volume Increase – Here’s What Happened

Shares of Itv Plc. (OTCMKTS:ITVPY) saw an uptick in trading volume on Wednesday . 182,948 shares traded hands during mid-day trading, an increase of 3,317% from the previous session’s volume of 5,354 shares.The stock last traded at $11.24 and had previously closed at $10.71.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded ITV from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

ITV Stock Up 1.1%

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.29 and a quick ratio of 0.83. The stock has a 50-day simple moving average of $10.55 and a two-hundred day simple moving average of $10.64.

ITV Company Profile

ITV plc is a United Kingdom–based broadcasting and media production company best known for its portfolio of free-to-air television channels, including ITV, ITV2, ITV3, ITV4 and CITV. The company generates revenue primarily through advertising sales across its broadcast network and digital platforms. In addition to traditional linear broadcasting, ITV offers on-demand and catch-up services via its streaming portal, providing viewers access to drama, entertainment, reality and sports programming.

Through its production arm, ITV Studios, the company develops, produces and distributes original content for both its own channels and third-party broadcasters and streaming platforms.