ITV (LON:ITV) Shares Pass Above 200 Day Moving Average of $76.96

ITV plc (LON:ITV) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 76.96 ($1.02) and traded as high as GBX 81.75 ($1.08). ITV shares last traded at GBX 80.65 ($1.07), with a volume of 14,272,984 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ITV. Shore Capital reiterated a “buy” rating on shares of ITV in a research report on Thursday, July 25th. Citigroup restated a “buy” rating and issued a GBX 110 ($1.45) price objective on shares of ITV in a report on Thursday, June 6th.

ITV Stock Performance

The company has a current ratio of 1.60, a quick ratio of 0.83 and a debt-to-equity ratio of 45.31. The company’s 50 day moving average is GBX 80.35 and its 200-day moving average is GBX 76.96. The company has a market capitalization of £3.15 billion, a P/E ratio of 733.18, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44.

ITV Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Thursday, October 17th will be given a GBX 1.70 ($0.02) dividend. The ex-dividend date is Thursday, October 17th. This represents a dividend yield of 2.02%. ITV’s dividend payout ratio is currently 4,545.45%.

ITV Company Profile

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.