ITV (LON:ITV) Trading 7.6% Higher - Time to Buy?

Shares of ITV plc (LON:ITV - Get Free Report) were up 7.6% on Monday . The stock traded as high as GBX 71.86 ($0.90) and last traded at GBX 70.45 ($0.89). Approximately 549,124,563 shares changed hands during trading, an increase of 3,413% from the average daily volume of 15,632,760 shares. The stock had previously closed at GBX 65.50 ($0.82).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "buy" rating on shares of ITV in a report on Thursday, November 7th.

ITV Stock Up 8.6 %

The stock's 50 day simple moving average is GBX 74.82 and its two-hundred day simple moving average is GBX 77.88. The firm has a market cap of £2.76 billion, a P/E ratio of 655.45, a P/E/G ratio of -0.53 and a beta of 1.44. The company has a debt-to-equity ratio of 45.31, a current ratio of 1.60 and a quick ratio of 0.83.

ITV Company Profile

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.