ITV Top Buy27 Nov 2019 10:03
Spotted in Motley Fool :
"I’d also happily stock my ISA with shares in ITV (LSE: ITV). Advertising budgets in the UK are back on the rise across the media spectrum, and this particular broadcasting giant reported ad revenues were up 1% in the third quarter and at the top end of its estimates.
It also predicted growth of between 0% and 1% in the final three months of 2019. That’s in stark contrast to the falls of earlier of the year, and leads to hopes of the business finally moving back into the black in 2020 following what are likely to be three years of consecutive earnings falls.
I’ve long lauded ITV on the back of its rising might as a global television production powerhouse, not to mention its rapid progress in new media, and reckon next year could prove a turning point in the company’s long-term earnings outlook.
A forward P/E ratio of 10.4 times represents an attractive level at which to get in on this, in my opinion, while a mighty 5.8% corresponding dividend yield provides an added sweetener."