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

ITV logo with Consumer Discretionary background

Key Points

  • ITV shares experienced a significant gap down, opening at $9.24 after closing at $9.96, a decline of approximately 4.7%.
  • Recent analyst changes include a downgrade from a "strong-buy" to a "hold" rating by Kepler Capital Markets, contributing to a consensus rating of "Reduce" among research analysts.
  • ITV plc operates as an integrated production and broadcasting company, generating content across various platforms through its ITV Studios and Media & Entertainment segments.
  • Five stocks to consider instead of ITV.

Itv Plc. (OTCMKTS:ITVPY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $9.96, but opened at $9.24. ITV shares last traded at $9.25, with a volume of 740 shares changing hands.

Analyst Ratings Changes

ITVPY has been the subject of a number of recent research reports. Kepler Capital Markets downgraded ITV from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Sanford C. Bernstein upgraded ITV to a "hold" rating in a research note 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. Based on data from MarketBeat, the company has a consensus rating of "Reduce".

Read Our Latest Stock Report on ITVPY

ITV Stock Down 4.7%

The company has a quick ratio of 1.02, a current ratio of 1.54 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $10.71 and a two-hundred day moving average price of $10.62.

About ITV

(Get Free Report)

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.

Further Reading

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