TVA Group (TSE:TVA.B) Stock Price Passes Above 200 Day Moving Average of $1.98

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TVA Group Inc (TSE:TVA.B) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.98 and traded as high as $1.87. TVA Group shares last traded at $1.87, with a volume of 200 shares traded.

Several research firms recently commented on TVA.B. CIBC upgraded TVA Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, August 6th. National Bank Financial reduced their price objective on TVA Group from C$2.50 to C$2.00 and set a “sector perform” rating for the company in a report on Tuesday, August 6th.

The company has a debt-to-equity ratio of 32.44, a quick ratio of 0.59 and a current ratio of 0.94. The stock has a market capitalization of $72.72 million and a PE ratio of 13.36. The stock has a 50-day moving average price of C$1.87 and a two-hundred day moving average price of C$1.98.

TVA Group Company Profile (TSE:TVA.B)

TVA Group Inc operates a communications company in Canada. It operates through three segments: Broadcasting & Production; Magazines; and Film Production & Audiovisual Services. The Broadcasting & Production segment creates, produces, and broadcasts entertainment, information, and public affairs programming; operates a French-language television network, as well as provides nine specialty services; markets digital products associated with various televisual brands; and distributes audiovisual products and films.

Further Reading: Why does a company issue an IPO?

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