BidaskClub upgraded shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) from a hold rating to a buy rating in a research report report published on Friday.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Central European Media Enterprises from a hold rating to a buy rating and set a $4.50 price objective on the stock in a research report on Monday, May 29th. TheStreet raised Central European Media Enterprises from a d rating to a c rating in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $3.90.
Shares of Central European Media Enterprises (CETV) traded down 1.19% during mid-day trading on Friday, hitting $4.15. 199,397 shares of the stock traded hands. The company has a market capitalization of $601.11 million, a PE ratio of 166.00 and a beta of 1.04. The company’s 50-day moving average price is $4.21 and its 200 day moving average price is $3.71. Central European Media Enterprises has a 1-year low of $2.15 and a 1-year high of $4.55.
Central European Media Enterprises (NASDAQ:CETV) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.11. Central European Media Enterprises had a negative return on equity of 18.46% and a net margin of 2.82%. The company had revenue of $181.86 million for the quarter. Equities research analysts forecast that Central European Media Enterprises will post $0.07 EPS for the current fiscal year.
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In other Central European Media Enterprises news, insider Global Equity Master Fund Tcs sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $4.05, for a total value of $20,250,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.77% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors boosted its position in shares of Central European Media Enterprises by 2.0% in the first quarter. Nationwide Fund Advisors now owns 54,016 shares of the company’s stock valued at $167,000 after buying an additional 1,075 shares during the last quarter. American International Group Inc. boosted its position in shares of Central European Media Enterprises by 7.1% in the first quarter. American International Group Inc. now owns 47,100 shares of the company’s stock valued at $146,000 after buying an additional 3,124 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Central European Media Enterprises by 16.6% in the second quarter. Voya Investment Management LLC now owns 46,348 shares of the company’s stock valued at $185,000 after buying an additional 6,590 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Central European Media Enterprises by 13.9% in the second quarter. Parametric Portfolio Associates LLC now owns 60,436 shares of the company’s stock valued at $242,000 after buying an additional 7,377 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Central European Media Enterprises by 9.7% in the second quarter. Rhumbline Advisers now owns 96,983 shares of the company’s stock valued at $388,000 after buying an additional 8,590 shares during the last quarter. Hedge funds and other institutional investors own 28.42% of the company’s stock.
Central European Media Enterprises Company Profile
Central European Media Enterprises Ltd. (CME Ltd.) is a media and entertainment company operating in Central and Eastern Europe. The Company’s assets are held through a series of Dutch and Curacao holding companies. The Company manages its business on a geographical basis, with six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.
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