TVA Group (TSE:TVA.B) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of TVA Group Inc (TSE:TVA.B) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.64 and traded as high as C$1.04. TVA Group shares last traded at C$1.04, with a volume of 2,010 shares changing hands.

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised their target price on TVA Group from C$0.75 to C$1.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, TVA Group currently has an average rating of “Hold” and a consensus price target of C$1.00.

TVA Group Stock Performance

The company has a debt-to-equity ratio of 25.36, a current ratio of 1.08 and a quick ratio of 0.74. The company has a market cap of C$44.93 million, a price-to-earnings ratio of 3.06, a PEG ratio of 1.90 and a beta of 0.75. The firm has a 50 day simple moving average of C$0.74 and a 200-day simple moving average of C$0.64.

TVA Group (TSE:TVA.B) last released its quarterly earnings results on Thursday, February 19th. The company reported C$0.74 earnings per share for the quarter. TVA Group had a negative return on equity of 10.65% and a negative net margin of 6.87%.The business had revenue of C$185.54 million during the quarter. As a group, analysts predict that TVA Group Inc will post 0.05 EPS for the current fiscal year.

About TVA Group

TVA Group Inc is a Canada based communications company. Along with its subsidiaries, the firm operates in three segments including the Broadcasting & Production segment which includes the operations of TVA Network, marketing of digital products, commercial production services and distribution of audiovisual products. The Magazines segment publishes French and English language magazines in various fields such as the arts, entertainment, fashion, and sports and markets digital products and provides custom publishing, commercial print production, and pre-media services.