ITV - ITV Share Forecast, Price & News

ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Media & Entertainment, and ITV Studios segments. The Media & Entertainment segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services. It also delivers content through linear television broadcasting, as well as on the ITV Hub, catch up services on pay platforms, and through direct content deals. In addition, this segment offers online advertising, HD digital channel on pay platform, and ITV Choice subscription services, as well as licenses DTT Multiplex A. The ITV Studios segment creates and produces programs and formats that include drama, entertainment, and factual entertainment for its own channels and other broadcasters. It also operates as an unscripted independent producer of content in the United States; and produces content for local broadcasters and international OTT platforms in Australia, Germany, France, Italy, the Netherlands, Sweden, Norway, Finland, and Denmark. In addition, this segment engages in formats and distribution ITV's finished programmes, and formats and third-party content internationally, as well as finances productions. The company also engages in the development of platform, broadband, transactional, and mobile services; operation of digital television channels; operation of Freeview Multiplex A; rights ownership and distribution of television programs and films; and scheduling and commissioning of television programs. ITV plc was founded in 1955 is based in London, the United Kingdom.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Shore Capital reissued a "buy" rating on shares of ITV in a report on Thursday, July 28th. Barclays dropped their target price on shares of ITV from GBX 95 ($1.15) to GBX 85 ($1.03) and set an "equal weight" rating on the stock in a report on Thursday, May 12th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 170 ($2.05) price target on shares of ITV in a research report on Monday, June 20th. Berenberg Bank lowered their price target on shares of ITV from GBX 66 ($0.80) to GBX 56 ($0.68) and set a "sell" rating for the company in a research report on Wednesday, August 3rd. Finally, Morgan Stanley restated an "equal weight" rating on shares of ITV in a research report on Tuesday, April 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, ITV has an average rating of "Hold" and an average target price of GBX 112.33 ($1.36).

ITV Price Performance

ITV traded down GBX 3.04 ($0.04) on Wednesday, reaching GBX 68.20 ($0.82). The company had a trading volume of 7,295,411 shares, compared to its average volume of 13,241,297. The company has a fifty day moving average of GBX 68.96 and a 200-day moving average of GBX 80.03. The company has a market capitalization of £2.75 billion and a P/E ratio of 568.33. The company has a current ratio of 1.34, a quick ratio of 0.83 and a debt-to-equity ratio of 66.07. ITV has a one year low of GBX 62.04 ($0.75) and a one year high of GBX 127.19 ($1.54).

ITV Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, November 28th. Stockholders of record on Thursday, October 20th will be given a dividend of GBX 1.70 ($0.02) per share. The ex-dividend date is Thursday, October 20th. This represents a dividend yield of 2.32%. ITV's dividend payout ratio (DPR) is 27.50%.

Insider Activity

In other ITV news, insider Mary Harris acquired 3,943 shares of ITV stock in a transaction dated Thursday, June 30th. The stock was bought at an average price of GBX 66 ($0.80) per share, for a total transaction of £2,602.38 ($3,144.49). In other ITV news, insider Andrew Cosslett acquired 301,889 shares of ITV stock in a transaction dated Tuesday, June 28th. The stock was bought at an average price of GBX 69 ($0.83) per share, for a total transaction of £208,303.41 ($251,695.76). Also, insider Mary Harris acquired 3,943 shares of ITV stock in a transaction on Thursday, June 30th. The shares were purchased at an average cost of GBX 66 ($0.80) per share, with a total value of £2,602.38 ($3,144.49).