Central European Media Enterprises (NASDAQ:CETV) Upgraded at BidaskClub

Share on StockTwits

BidaskClub upgraded shares of Central European Media Enterprises (NASDAQ:CETV) from a hold rating to a buy rating in a research report report published on Thursday morning, BidAskClub reports.

Separately, TheStreet cut YRC Worldwide from a c rating to a d+ rating in a report on Wednesday, May 15th.

Shares of CETV stock opened at $4.32 on Thursday. Central European Media Enterprises has a twelve month low of $2.67 and a twelve month high of $4.47. The stock has a market cap of $1.09 billion, a PE ratio of 16.62 and a beta of 1.25. The stock has a fifty day moving average price of $4.06. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 3.15.

Central European Media Enterprises (NASDAQ:CETV) last issued its earnings results on Tuesday, April 30th. The company reported $0.03 earnings per share for the quarter. Central European Media Enterprises had a return on equity of 53.69% and a net margin of 24.66%. The business had revenue of $146.56 million during the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of Central European Media Enterprises by 15.1% during the 4th quarter. Geode Capital Management LLC now owns 1,039,354 shares of the company’s stock worth $2,889,000 after purchasing an additional 136,662 shares during the last quarter. Barclays PLC lifted its stake in shares of Central European Media Enterprises by 444.2% during the 4th quarter. Barclays PLC now owns 766,914 shares of the company’s stock worth $2,132,000 after purchasing an additional 625,991 shares during the last quarter. FMR LLC lifted its stake in shares of Central European Media Enterprises by 12.3% during the 1st quarter. FMR LLC now owns 569,012 shares of the company’s stock worth $2,265,000 after purchasing an additional 62,500 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Central European Media Enterprises during the 1st quarter worth $1,707,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Central European Media Enterprises by 4.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 351,977 shares of the company’s stock worth $978,000 after purchasing an additional 16,317 shares during the last quarter. Hedge funds and other institutional investors own 10.52% of the company’s stock.

About Central European Media Enterprises

Central European Media Enterprises Ltd. operates as a media and entertainment company in Bulgaria, the Czech Republic, Romania, the Slovak Republic, and Slovenia. It broadcasts a total of 31 television channels, including general entertainment and other channels. The company also develops and produces content for television channels; and provides television content through various portals, including Voyo, a subscription video-on-demand service, and advertising supported catch-up services on its Websites, as well as operates a portfolio of digital media products that complement its news programming and other television station-related brands.

Featured Story: How is an ETF different from a mutual fund?

Receive News & Ratings for Central European Media Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central European Media Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply