ITV (LON:ITV) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of ITV plc (LON:ITV) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

ITV has been the topic of a number of research analyst reports. Citigroup restated 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 research note on Wednesday, March 12th.

ITV Stock Performance

The company has a fifty day moving average of GBX 75.16 and a two-hundred day moving average of GBX 74.46. The firm has a market capitalization of £3.08 billion, a price-to-earnings ratio of 7.30, a PEG ratio of -0.53 and a beta of 1.44. The company has a debt-to-equity ratio of 46.00, a quick ratio of 0.83 and a current ratio of 1.56.

ITV (LON:ITV) last posted its earnings results 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%. As a group, equities research analysts predict that ITV plc will post 1120 earnings per share for the current fiscal year.

ITV Cuts Dividend

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