ITV (LON:ITV) Share Price Passes Above 200-Day Moving Average – Here’s Why

ITV plc (LON:ITV)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 79.92 and traded as high as GBX 82.65. ITV shares last traded at GBX 81.35, with a volume of 9,615,146 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 90 price objective on shares of ITV in a research report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 97.50.

ITV Stock Performance

The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 48.72. The firm has a market capitalization of £3.04 billion, a PE ratio of 14.03, a PEG ratio of -0.53 and a beta of 0.82. The firm’s fifty day moving average price is GBX 79.11 and its 200 day moving average price is GBX 79.92.

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

Insider Buying and Selling

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

ITV Company Profile

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.