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

BidaskClub cut shares of Central European Media Enterprises (NASDAQ:CETV) from a buy rating to a hold rating in a research report released on Friday, BidAskClub reports.

Central European Media Enterprises stock opened at $4.47 on Friday. Central European Media Enterprises has a twelve month low of $2.67 and a twelve month high of $4.84. The firm has a 50 day moving average price of $4.58 and a 200-day moving average price of $4.15. The company has a market capitalization of $1.11 billion, a P/E ratio of 13.24 and a beta of 1.28. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.34.

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



Institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its position in shares of Central European Media Enterprises by 39.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 587,000 shares of the company’s stock valued at $2,471,000 after acquiring an additional 167,000 shares during the period. Chicago Equity Partners LLC purchased a new stake in Central European Media Enterprises in the 2nd quarter worth approximately $312,000. Acadian Asset Management LLC lifted its stake in Central European Media Enterprises by 290.2% in the 1st quarter. Acadian Asset Management LLC now owns 92,198 shares of the company’s stock worth $367,000 after purchasing an additional 68,571 shares in the last quarter. SG Americas Securities LLC lifted its stake in Central European Media Enterprises by 116.6% in the 1st quarter. SG Americas Securities LLC now owns 27,006 shares of the company’s stock worth $107,000 after purchasing an additional 14,537 shares in the last quarter. Finally, KBC Group NV lifted its stake in Central European Media Enterprises by 7.2% in the 2nd quarter. KBC Group NV now owns 56,270 shares of the company’s stock worth $245,000 after purchasing an additional 3,767 shares in the last quarter. 10.51% of the stock is owned by hedge funds and other institutional investors.

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.

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