ITV (LON:ITV) Shares Up 13.3% - Here's Why

Shares of ITV plc (LON:ITV - Get Free Report) shot up 13.3% during trading on Thursday . The stock traded as high as GBX 88.20 ($1.19) and last traded at GBX 87.80 ($1.19). 26,037,814 shares changed hands during trading, an increase of 19% from the average session volume of 21,910,465 shares. The stock had previously closed at GBX 77.50 ($1.05).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of ITV in a report on Monday, July 14th.

ITV Stock Up 13.3%

The company has a current ratio of 1.56, a quick ratio of 0.83 and a debt-to-equity ratio of 46.00. The firm's 50 day simple moving average is GBX 79.94 and its two-hundred day simple moving average is GBX 76.63. The firm has a market cap of £3.39 billion, a price-to-earnings ratio of 8.02, a PEG ratio of -0.53 and a beta of 1.44.

ITV (LON:ITV - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The broadcaster reported GBX 1.80 ($0.02) earnings per share for the quarter. ITV had a net margin of 12.11% and a return on equity of 23.62%. On average, equities analysts forecast that ITV plc will post 1120 EPS for the current year.

About ITV

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment. ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.

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