TVA Group (TSE:TVA.B) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of TVA Group Inc (TSE:TVA.B) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.87 and traded as high as C$1.74. TVA Group shares last traded at C$1.67, with a volume of 8,612 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upped their price target on shares of TVA Group from C$0.75 to C$1.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$1.00.

TVA Group Price Performance

The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 25.36. The company’s 50 day moving average is C$1.28 and its 200 day moving average is C$0.87. The firm has a market capitalization of C$72.15 million, a price-to-earnings ratio of 2.35, a P/E/G ratio of 1.90 and a beta of -0.03.

TVA Group (TSE:TVA.B) last released its quarterly earnings results on Monday, May 11th. The company reported C($0.10) EPS for the quarter. The business had revenue of C$117.79 million during the quarter. TVA Group had a negative net margin of 6.87% and a negative return on equity of 10.65%. On average, equities research analysts anticipate that TVA Group Inc will post 0.05 earnings per share 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.