ITV (LON:ITV) Share Price Crosses Above 200-Day Moving Average – What’s Next?

ITV plc (LON:ITV)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 74.46 ($0.96) and traded as high as GBX 82.10 ($1.06). ITV shares last traded at GBX 80.10 ($1.04), with a volume of 905,352,375 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ITV shares. Citigroup reaffirmed a “buy” rating on shares of ITV in a research note on Thursday, December 5th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 115 ($1.49) target price on shares of ITV in a report on Wednesday, March 12th.

ITV Stock Down 0.9 %

The company has a market capitalization of £3.09 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The company has a current ratio of 1.56, a quick ratio of 0.83 and a debt-to-equity ratio of 46.00. The stock’s fifty day moving average is GBX 75 and its 200 day moving average is GBX 74.46.

ITV (LON:ITV) last issued its quarterly earnings data on Thursday, March 6th. The broadcaster reported GBX 9.60 ($0.12) EPS for the quarter. ITV had a net margin of 12.11% and a return on equity of 23.62%. Research analysts predict that ITV plc will post 1120 EPS for the current fiscal year.

ITV Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, April 10th will be given a GBX 3.30 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 4.15%. ITV’s dividend payout ratio is currently 45.68%.

About ITV

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.