ITV (LON:ITV) Stock Passes Above 200 Day Moving Average of $76.96

ITV plc (LON:ITV)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 76.96 ($1.02) and traded as high as GBX 81.75 ($1.08). ITV shares last traded at GBX 80.65 ($1.07), with a volume of 14,272,984 shares traded.

Analyst Ratings Changes

ITV has been the topic of several recent analyst reports. Shore Capital reiterated a “buy” rating on shares of ITV in a research report on Thursday, July 25th. Citigroup reissued a “buy” rating and set a GBX 110 ($1.45) price objective on shares of ITV in a research note on Thursday, June 6th.

ITV Stock Performance

The company has a quick ratio of 0.83, a current ratio of 1.60 and a debt-to-equity ratio of 45.31. The stock has a market cap of £3.15 billion, a P/E ratio of 733.18, a PEG ratio of -0.53 and a beta of 1.44. The business has a 50 day moving average price of GBX 80.35 and a 200 day moving average price of GBX 76.96.

ITV Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Thursday, October 17th will be given a dividend of GBX 1.70 ($0.02) per share. The ex-dividend date is Thursday, October 17th. This represents a dividend yield of 2.02%. ITV’s dividend payout ratio (DPR) is 4,545.45%.

ITV Company Profile

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.