ITV (LON:ITV) Trading 13.3% Higher on Analyst Upgrade

Key Points

• ITV shares surged 13.3% after JPMorgan Chase & Co. upgraded their price target from GBX 110 to GBX 112, maintaining an overweight rating on the stock.
• The company reported quarterly earnings of GBX 1.80 per share with a net margin of 12.11% and an anticipated EPS of 1120 for the current year.
• ITV's market capitalization stands at £3.34 billion, with a current debt-to-equity ratio of 46.00 and various moving averages showing recent positive trends.

ITV plc (LON:ITV - Get Free Report) shares shot up 13.3% on Friday after JPMorgan Chase & Co. raised their price target on the stock from GBX 110 to GBX 112. JPMorgan Chase & Co. currently has an overweight rating on the stock. ITV traded as high as GBX 88.20 ($1.19) and last traded at GBX 87.80 ($1.19). 26,037,814 shares traded hands during mid-day 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).

ITV Stock Down 1.5%

The stock has a market capitalization of £3.34 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The business's 50-day moving average is GBX 80.13 and its two-hundred day moving average is 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 quarterly earnings results 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%. Equities analysts anticipate that ITV plc will post 1120 EPS for the current year.

ITV Company Profile

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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