ITV (OTCMKTS:ITVPY) Stock Price Down 5% - Should You Sell?

Key Points

• ITV PLC shares fell 5% on Wednesday, trading as low as $10.67 and closing at $10.75 with significantly reduced trading volume.
• Recent analyst ratings show a mix of opinions, with Sanford C. Bernstein upgrading ITV to a "hold" while Kepler Capital Markets downgraded it to "hold" from "strong-buy".
• The company has a debt-to-equity ratio of 0.39 and operates through ITV Studios and Media & Entertainment segments, producing a variety of content.

ITV PLC. (OTCMKTS:ITVPY - Get Free Report) fell 5% on Wednesday . The company traded as low as $10.67 and last traded at $10.75. 609 shares were traded during trading, a decline of 76% from the average session volume of 2,504 shares. The stock had previously closed at $11.31.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ITVPY shares. Sanford C. Bernstein raised ITV to a "hold" rating in a research note on Thursday, July 17th. Kepler Capital Markets downgraded ITV from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce".

ITV Price Performance

The stock's 50 day moving average price is $10.95 and its 200 day moving average price is $10.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.63.

About ITV

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.