ITV (OTCMKTS:ITVPY) Shares Gap Up – What’s Next?
by Michael Walen · The Markets DailyItv Plc. (OTCMKTS:ITVPY – Get Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $9.59, but opened at $10.44. ITV shares last traded at $10.0220, with a volume of 2,457 shares traded.
Wall Street Analysts Forecast Growth
Separately, Kepler Capital Markets upgraded ITV from a “hold” rating to a “strong-buy” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.
Check Out Our Latest Stock Analysis on ITVPY
ITV Stock Down 2.9%
The stock’s 50 day moving average price is $10.66 and its 200 day moving average price is $10.60.
About ITV
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.