ITV (OTCMKTS:ITVPY) Shares Up 10.8% Following Analyst Upgrade

Itv Plc. (OTCMKTS:ITVPY) shares rose 10.8% during mid-day trading on Monday after Kepler Capital Markets upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $11.43 and last traded at $11.37. Approximately 425 shares changed hands during trading, a decline of 93% from the average daily volume of 5,977 shares. The stock had previously closed at $10.26.

ITV Stock Down 3.1%

The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.02 and a current ratio of 1.54. The firm has a 50-day moving average price of $10.93 and a two-hundred day moving average price of $10.69.

About ITV

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.