ValuEngine Downgrades ITV PLC. (ITVPY) to Hold
ITV PLC. (OTCMKTS:ITVPY) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.
ITVPY has been the topic of a number of other research reports. HSBC Holdings plc downgraded ITV PLC. from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. J P Morgan Chase & Co downgraded ITV PLC. from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 4th. Finally, Macquarie downgraded ITV PLC. from an “outperform” rating to a “neutral” rating in a research report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.00.
ITV PLC. (OTCMKTS ITVPY) traded up 0.52% during trading on Friday, hitting $21.40. The stock had a trading volume of 4,571 shares. The company has a market cap of $8.58 billion, a PE ratio of 16.34 and a beta of 1.13. The company’s 50 day moving average is $21.90 and its 200-day moving average is $24.34. ITV PLC. has a 12 month low of $19.75 and a 12 month high of $28.17.
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About ITV PLC.
ITV plc operates commercial television channels in the United Kingdom. Its Broadcast & Online segment provides television advertising services; and broadcasts content on its family of free to air and pay channels consisting of ITV, the commercial television channel, as well as the digital channels, such as ITV2, ITV3, ITV4, ITV Encore, ITVBe, and CITV.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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