ITV (LON:ITV) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of ITV plc (LON:ITV) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 80.61 and traded as high as GBX 82.45. ITV shares last traded at GBX 81.30, with a volume of 7,658,956 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 90 price target on shares of ITV in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, ITV currently has an average rating of “Moderate Buy” and an average target price of GBX 97.50.

ITV Stock Performance

The stock’s 50 day moving average price is GBX 80.50 and its 200 day moving average price is GBX 80.61. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 48.72. The firm has a market cap of £3.04 billion, a PE ratio of 14.02, a P/E/G ratio of -0.53 and a beta of 0.82.

Insider Activity

In other news, insider Carolyn McCall sold 652,363 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of GBX 78, for a total value of £508,843.14. Also, insider Chris Kennedy sold 396,282 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of GBX 78, for a total value of £309,099.96. 0.53% of the stock is owned by corporate insiders.

About ITV

ITV is a producer, streamer and broadcaster, consisting of ITV Studios and Media & Entertainment (M&E).

ITV Studios is a scaled global creator, owner and distributor of high-quality TV content, producing some of the most successful shows in the world. It operates in 13 countries, across 60+ labels and is diversified by genre, geography and customer in the key creative markets around the world.

Media & Entertainment is the largest commercial streamer and broadcaster. Through M&E, we make brilliant British-focused content available on ITVX – our free, advertiser-funded streaming service – alongside our free-to-air linear TV channels.