ITV (LON:ITV) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

ITV plc (LON:ITV) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 79.52 and traded as high as GBX 81.30. ITV shares last traded at GBX 77.73, with a volume of 8,434,809 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 90 price objective on shares of ITV in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 97.50.

ITV Price Performance

The company has a debt-to-equity ratio of 48.72, a quick ratio of 0.83 and a current ratio of 1.23. The company’s 50 day moving average price is GBX 79.43 and its 200-day moving average price is GBX 79.58. The company has a market cap of £2.88 billion, a price-to-earnings ratio of 13.28, a PEG ratio of -0.53 and a beta of 0.82.

ITV (LON:ITV) last released its earnings results on Thursday, March 5th. The broadcaster reported GBX 8.50 EPS for the quarter. ITV had a net margin of 7.28% and a return on equity of 11.42%. On average, equities research analysts forecast that ITV plc will post 1120 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Chris Kennedy sold 396,282 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of GBX 78, for a total value of £309,099.96. Also, insider Carolyn McCall sold 652,363 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of GBX 78, for a total transaction of £508,843.14. 0.48% of the stock is owned by insiders.

About ITV

ITV is a producer, streamer and broadcaster, consisting of ITV Studios and Media & Entertainment (M&E).

ITV Studios is a scaled global creator, owner and distributor of high-quality TV content, producing some of the most successful shows in the world. It operates in 13 countries, across 60+ labels and is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial streamer and broadcaster. Through M&E, we make brilliant British-focused content available on ITVX – our free, advertiser-funded streaming service – alongside our free-to-air linear TV channels.