ITV (OTCMKTS:ITVPY) Stock Price Down 5% - Time to Sell?

Key Points

• ITV plc shares dropped 5% during trading, closing at $10.52 after previously being at $11.07, with a trading volume increase to 536 shares.
• Wall Street analysts have a mixed view on ITV, with three analysts rating it as a Hold and one providing a Sell rating, leading to a current consensus rating of "Reduce".
• The company, known for its production, broadcasting, and streaming services, has its 50-day and 200-day moving averages at $10.97 and $10.42 respectively.

Shares of Itv Plc. (OTCMKTS:ITVPY - Get Free Report) dropped 5% during mid-day trading on Wednesday . The company traded as low as $10.52 and last traded at $10.52. Approximately 536 shares changed hands during trading, an increase of 3% from the average daily volume of 520 shares. The stock had previously closed at $11.07.

Wall Street Analysts Forecast Growth

ITVPY has been the subject of a number of research reports. Kepler Capital Markets downgraded ITV from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Sanford C. Bernstein raised ITV to a "hold" rating in a research report on Thursday, July 17th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, ITV currently has a consensus rating of "Reduce".

ITV Trading Down 5.0%

The firm has a 50-day moving average of $10.97 and a 200 day moving average of $10.42. The company has a current ratio of 1.63, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39.

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.

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