ITV (LON:ITV) Stock Passes Above 200 Day Moving Average of $76.03

ITV plc (LON:ITV) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 76.03 ($0.99) and traded as high as GBX 80.40 ($1.05). ITV shares last traded at GBX 78.90 ($1.03), with a volume of 6,959,724 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on ITV. Citigroup restated a “buy” rating and set a GBX 110 ($1.44) target price on shares of ITV in a report on Thursday, June 6th. Shore Capital reaffirmed a “buy” rating on shares of ITV in a research note on Thursday, July 25th.

ITV Price Performance

The company has a market cap of £3.12 billion, a PE ratio of 726.36, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The business’s 50 day moving average price is GBX 80.57 and its 200-day moving average price is GBX 76.19. The company has a quick ratio of 0.83, a current ratio of 1.60 and a debt-to-equity ratio of 45.31.

ITV Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Thursday, October 17th will be paid 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 is currently 4,545.45%.

About ITV

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.