ITV (OTCMKTS:ITVPY) Shares Gap Up – Here’s Why

Itv Plc. (OTCMKTS:ITVPY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $11.0750, but opened at $11.6080. ITV shares last traded at $11.00, with a volume of 993 shares.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised shares of ITV from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, ITV currently has an average rating of “Buy”.

ITV Trading Down 2.6%

The business’s 50 day moving average is $10.79 and its two-hundred day moving average is $10.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.29 and a quick ratio of 0.83.

About ITV

ITV plc is a United Kingdom–based broadcasting and media production company best known for its portfolio of free-to-air television channels, including ITV, ITV2, ITV3, ITV4 and CITV. The company generates revenue primarily through advertising sales across its broadcast network and digital platforms. In addition to traditional linear broadcasting, ITV offers on-demand and catch-up services via its streaming portal, providing viewers access to drama, entertainment, reality and sports programming.

Through its production arm, ITV Studios, the company develops, produces and distributes original content for both its own channels and third-party broadcasters and streaming platforms.