ITV (OTCMKTS:ITVPY) Shares Gap Up - Should You Buy?

Key Points

• ITV shares gapped up in pre-market trading, opening at $10.44 after a prior close of $9.59 and last trading at $10.02 on a volume of 2,457 shares.
• Kepler Capital Markets upgraded ITV to a "strong-buy" on March 6, but the consensus remains mixed—one Strong Buy, one Hold and one Sell—giving an average rating of "Hold".
• The stock's 50-day moving average is $10.70 and its 200-day moving average is $10.61, while the current price remains below both levels.

Itv Plc. (OTCMKTS:ITVPY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $9.59, but opened at $10.44. ITV shares last traded at $10.0220, with a volume of 2,457 shares.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded shares of ITV from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, ITV has an average rating of "Hold".

ITV Stock Up 4.3%

The stock's 50 day moving average is $10.70 and its 200 day moving average is $10.61.

About ITV

ITV plc is a United Kingdom–based broadcasting and media production company best known for its portfolio of free-to-air television channels, including ITV, ITV2, ITV3, ITV4 and CITV. The company generates revenue primarily through advertising sales across its broadcast network and digital platforms. In addition to traditional linear broadcasting, ITV offers on-demand and catch-up services via its streaming portal, providing viewers access to drama, entertainment, reality and sports programming.

Through its production arm, ITV Studios, the company develops, produces and distributes original content for both its own channels and third-party broadcasters and streaming platforms.

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