ITV (LON:ITV) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

ITV plc (LON:ITV - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 78.07 ($1.02) and traded as high as GBX 79.25 ($1.03). ITV shares last traded at GBX 78.40 ($1.02), with a volume of 8,558,948 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating on shares of ITV in a research note on Thursday, July 25th.

ITV Trading Down 0.2 %

The firm has a market capitalization of £2.97 billion, a price-to-earnings ratio of 695.91, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The firm's 50 day moving average is GBX 79.42 and its 200 day moving average is GBX 78.06. The company has a quick ratio of 0.83, a current ratio of 1.60 and a debt-to-equity ratio of 45.31.

ITV Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, November 26th. Investors of record on Thursday, October 17th will be given a GBX 1.70 ($0.02) dividend. The ex-dividend date is Thursday, October 17th. This represents a dividend yield of 2.02%. ITV's dividend payout ratio (DPR) is presently 4,545.45%.

About ITV

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.