JPMorgan Chase & Co. Reiterates “Overweight” Rating for ITV (LON:ITV)

ITV (LON:ITV)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, MarketBeat.com reports. They currently have a GBX 115 ($1.49) price objective on the broadcaster’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 51.02% from the stock’s previous close.

Separately, Citigroup restated a “buy” rating on shares of ITV in a report on Thursday, December 5th.

ITV Stock Performance

LON:ITV opened at GBX 76.15 ($0.99) on Wednesday. The stock has a market cap of £2.94 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The firm’s fifty day simple moving average is GBX 73.23 and its 200 day simple moving average is GBX 74.49. ITV has a twelve month low of GBX 61.29 ($0.79) and a twelve month high of GBX 89 ($1.15). The company has a quick ratio of 0.83, a current ratio of 1.56 and a debt-to-equity ratio of 46.00.

ITV (LON:ITV) last released its quarterly 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%. As a group, research analysts predict that ITV will post 1120 EPS for the current year.

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.