BidaskClub Downgrades Central European Media Enterprises (NASDAQ:CETV) to Hold

Central European Media Enterprises (NASDAQ:CETV) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday, September 20th, BidAskClub reports.

Shares of Central European Media Enterprises stock opened at $4.51 on Friday. Central European Media Enterprises has a 52-week low of $2.67 and a 52-week high of $4.85. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.34. The company’s 50-day simple moving average is $4.59 and its 200-day simple moving average is $4.17. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 14.38 and a beta of 1.28.

Central European Media Enterprises (NASDAQ:CETV) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.12 earnings per share (EPS) for the quarter. Central European Media Enterprises had a net margin of 26.41% and a return on equity of 53.04%. The business had revenue of $183.60 million for the quarter.

Several institutional investors have recently modified their holdings of CETV. BNP Paribas Arbitrage SA grew its position in Central European Media Enterprises by 58,851.6% during the first quarter. BNP Paribas Arbitrage SA now owns 18,275 shares of the company’s stock worth $73,000 after buying an additional 18,244 shares during the period. SG Americas Securities LLC grew its position in Central European Media Enterprises by 116.6% during the first quarter. SG Americas Securities LLC now owns 27,006 shares of the company’s stock worth $107,000 after buying an additional 14,537 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Central European Media Enterprises during the first quarter worth about $106,000. Acadian Asset Management LLC grew its position in Central European Media Enterprises by 290.2% during the first quarter. Acadian Asset Management LLC now owns 92,198 shares of the company’s stock worth $367,000 after buying an additional 68,571 shares during the period. Finally, Marshall Wace LLP acquired a new position in Central European Media Enterprises during the first quarter worth about $1,707,000. Institutional investors and hedge funds own 10.51% of the company’s stock.

Central European Media Enterprises Company Profile

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.

Recommended Story: How the Consumer Price Index (CPI) is calculated?

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