ITV (LON:ITV) Stock Passes Above 200 Day Moving Average – Time to Sell?

ITV plc (LON:ITV)’s stock price crossed 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 trading hands.

Wall Street Analysts Forecast Growth

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

ITV Trading Down 0.9 %

The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56. The stock has a market cap of £3.09 billion, a P/E ratio of 7.32, a P/E/G ratio of -0.53 and a beta of 1.44. The stock has a 50-day moving average price of GBX 75 and a 200-day moving average price of GBX 74.46.

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

ITV Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, April 10th will be given a GBX 3.30 ($0.04) dividend. The ex-dividend date is Thursday, April 10th. This represents a yield of 4.15%. ITV’s dividend payout ratio (DPR) is presently 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.