ITV (OTCMKTS:ITVPY) Trading Down 8.8% – What’s Next?

Shares of Itv Plc. (OTCMKTS:ITVPY) dropped 8.8% on Friday . The stock traded as low as $10.06 and last traded at $10.0750. Approximately 13,099 shares changed hands during trading, an increase of 32% from the average daily volume of 9,893 shares. The stock had previously closed at $11.0499.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded shares of ITV from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

ITV Price Performance

The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $10.61 and a two-hundred day moving average price of $10.69.

ITV Company Profile

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.