ITV PLC. (ITVPY) Downgraded to “Hold” at ValuEngine

ValuEngine cut shares of ITV PLC. (OTCMKTS:ITVPY) from a buy rating to a hold rating in a research note released on Friday.

A number of other research analysts have also recently issued reports on ITVPY. Macquarie cut ITV PLC. from an outperform rating to a neutral rating in a research note on Thursday, June 15th. J P Morgan Chase & Co cut ITV PLC. from an overweight rating to a neutral rating in a research note on Tuesday, July 4th. Finally, HSBC Holdings plc cut ITV PLC. from a buy rating to a hold rating in a research note on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. ITV PLC. presently has an average rating of Hold and a consensus price target of $30.00.

Shares of ITV PLC. (ITVPY) opened at 21.181 on Friday. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 16.169 and a beta of 1.13. The company has a 50-day moving average price of $21.86 and a 200-day moving average price of $24.31. ITV PLC. has a 52-week low of $19.75 and a 52-week high of $28.17.

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The business also recently disclosed a None dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, October 27th will be paid a dividend of $0.289 per share. The ex-dividend date of this dividend is Thursday, October 26th.

About ITV PLC.

ITV plc operates commercial television channels in the United Kingdom. Its Broadcast & Online segment provides television advertising services; and broadcasts content on its family of free to air and pay channels consisting of ITV, the commercial television channel, as well as the digital channels, such as ITV2, ITV3, ITV4, ITV Encore, ITVBe, and CITV.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ITV PLC. (OTCMKTS:ITVPY)

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