ITV (LON:ITV) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

ITV plc (LON:ITV) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 74.44 ($0.97) and traded as high as GBX 80.65 ($1.05). ITV shares last traded at GBX 80.40 ($1.05), with a volume of 11,454,330 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ITV. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 115 ($1.50) price target on shares of ITV in a research note on Wednesday, March 12th. Citigroup reaffirmed a “buy” rating on shares of ITV in a research note on Thursday, December 5th.

ITV Price Performance

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 stock has a 50 day moving average price of GBX 73.80 and a 200-day moving average price of GBX 74.44. The stock has a market capitalization of £3.10 billion, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44.

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

ITV Cuts Dividend

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

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.