ITV (OTCMKTS:ITVPY) Shares Down 3.2% - Here's Why

Key Points

• ITV's stock fell by 3.2% to $9.96 during trading, significantly below its previous closing price of $10.29.
• Analysts have adjusted their ratings, with Kepler Capital reclassifying ITV from a "strong-buy" to a "hold," leading to a consensus rating of "Reduce" for the stock.
• The company's average trading volume dropped by 46% during this session, with only 241 shares exchanged compared to the average of 448 shares.

Itv Plc. (OTCMKTS:ITVPY - Get Free Report)'s stock price traded down 3.2% during trading on Monday . The company traded as low as $9.96 and last traded at $9.96. 241 shares changed hands during trading, a decline of 46% from the average session volume of 448 shares. The stock had previously closed at $10.29.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Kepler Capital Markets lowered shares of ITV from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Sanford C. Bernstein raised ITV to a "hold" rating in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce".

ITV Trading Down 3.2%

The firm's 50-day simple moving average is $10.73 and its 200 day simple moving average is $10.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.02 and a current ratio of 1.54.

ITV Company Profile

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.

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