ITV (OTCMKTS:ITVPY) Shares Gap Down – What’s Next?

Itv Plc. (OTCMKTS:ITVPY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $9.98, but opened at $9.59. ITV shares last traded at $9.59, with a volume of 429 shares changing hands.

Wall Street Analysts Forecast Growth

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

ITV Stock Down 3.9%

The stock has a fifty day simple moving average of $10.74 and a two-hundred day simple moving average of $10.62.

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.