ITV (OTCMKTS:ITVPY) Trading 11.4% Higher – Still a Buy?

Itv Plc. (OTCMKTS:ITVPY) shares shot up 11.4% on Wednesday . The company traded as high as $10.68 and last traded at $10.68. 1,011 shares changed hands during trading, a decline of 82% from the average session volume of 5,625 shares. The stock had previously closed at $9.59.

Analyst Upgrades and Downgrades

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

ITV Stock Performance

The business’s 50 day simple moving average is $10.68 and its two-hundred day simple moving average is $10.60.

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.