ITV (OTCMKTS:ITVPY) Sees Strong Trading Volume – Still a Buy?

Itv Plc. (OTCMKTS:ITVPY) shares saw unusually-high trading volume on Thursday . Approximately 8,572 shares were traded during trading, an increase of 43% from the previous session’s volume of 6,000 shares.The stock last traded at $11.07 and had previously closed at $11.01.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised shares of ITV from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ITV presently has an average rating of “Hold”.

ITV Trading Up 0.6%

The company has a current ratio of 1.54, a quick ratio of 1.02 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $10.93 and a 200-day moving average of $10.70.

ITV Company Profile

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.