ITV (LON:ITV) Stock Price Up 13.3% - Here's What Happened

ITV plc (LON:ITV - Get Free Report) shot up 13.3% 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).

Analyst Upgrades and Downgrades

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

ITV Trading Up 13.3%

The stock has a market cap of £3.39 billion, a PE ratio of 8.02, a P/E/G ratio of -0.53 and a beta of 1.44. The firm has a 50-day simple moving average of GBX 80.13 and a 200-day simple moving average of GBX 76.74. The company has a quick ratio of 0.83, a current ratio of 1.56 and a debt-to-equity ratio of 46.00.

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