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

Itv Plc. (OTCMKTS:ITVPY) shares gapped up prior to trading 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 trading hands.

Analysts Set New Price Targets

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

ITV Trading Down 2.6%

The firm’s 50 day simple moving average is $10.79 and its 200 day simple moving average is $10.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.29.

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.