ITV (LON:ITV) Trading Up 13.3% - Time to Buy?

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

Wall Street Analyst Weigh In

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

ITV Trading Up 13.3%

The firm has a market cap of £3.39 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The company has a quick ratio of 0.83, a current ratio of 1.56 and a debt-to-equity ratio of 46.00. The business has a 50 day moving average price of GBX 80.13 and a 200-day moving average price of GBX 76.74.

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