ITV (OTCMKTS:ITVPY) Shares Gap Up – Still a Buy?

Itv Plc. (OTCMKTS:ITVPY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $9.6875, but opened at $10.12. ITV shares last traded at $9.6710, with a volume of 1,915 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of ITV to a “hold” rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

ITV Stock Down 0.5%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.29. The firm has a 50 day moving average price of $10.06 and a 200-day moving average price of $10.49.

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.