ITV (LON:ITV) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

ITV plc (LON:ITV) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 79.46 and traded as high as GBX 80.75. ITV shares last traded at GBX 80.38, with a volume of 11,472,438 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their target price on ITV from GBX 112 to GBX 105 and set an “overweight” rating for the company in a research note on Friday, November 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, ITV presently has a consensus rating of “Buy” and an average price target of GBX 105.

ITV Stock Up 0.6%

The stock’s fifty day simple moving average is GBX 80.83 and its two-hundred day simple moving average is GBX 79.44. 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 company has a market capitalization of £3.03 billion, a price-to-earnings ratio of 16.58, a PEG ratio of -0.53 and a beta of 1.44.

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. It is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial broadcaster and streamer in the UK, delivering unrivalled audience scale and reach.