TVA Group (TSE:TVA.B) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of TVA Group Inc (TSE:TVA.B) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.61 and traded as high as C$0.94. TVA Group shares last traded at C$0.94, with a volume of 21,022 shares traded.

Analyst Upgrades and Downgrades

Separately, National Bank Financial lifted their target price on TVA Group from C$0.75 to C$1.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$1.00.

TVA Group Stock Performance

The company has a market cap of C$36.73 million, a price-to-earnings ratio of -1.98, a PEG ratio of 1.90 and a beta of -0.15. The company has a current ratio of 1.08, a quick ratio of 0.74 and a debt-to-equity ratio of 25.36. The business’s 50 day moving average price is C$0.62 and its 200-day moving average price is C$0.61.

TVA Group (TSE:TVA.B) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$0.74 earnings per share (EPS) for the quarter. TVA Group had a negative net margin of 6.87% and a negative return on equity of 10.65%. The firm had revenue of C$185.54 million during the quarter. On average, equities analysts anticipate that TVA Group Inc will post 0.05 EPS for the current fiscal year.

About TVA Group

TVA Group Inc is a Canada based communications company. Along with its subsidiaries, the firm operates in three segments including the Broadcasting & Production segment which includes the operations of TVA Network, marketing of digital products, commercial production services and distribution of audiovisual products. The Magazines segment publishes French and English language magazines in various fields such as the arts, entertainment, fashion, and sports and markets digital products and provides custom publishing, commercial print production, and pre-media services.