Central European Media Enterprises Ltd. (CETV) Upgraded to “C” by TheStreet

Central European Media Enterprises Ltd. (NASDAQ:CETV) was upgraded by research analysts at TheStreet from a “d” rating to a “c” rating in a note issued to investors on Wednesday, May 17th.

Separately, Zacks Investment Research raised shares of Central European Media Enterprises from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Wednesday, April 26th.

Central European Media Enterprises (NASDAQ:CETV) traded up 1.19% during trading on Wednesday, reaching $4.25. 536,748 shares of the company were exchanged. The stock’s market capitalization is $613.79 million. The company’s 50-day moving average price is $4.11 and its 200-day moving average price is $3.18. Central European Media Enterprises has a 1-year low of $2.03 and a 1-year high of $4.45.

Central European Media Enterprises (NASDAQ:CETV) last released its quarterly earnings data on Wednesday, April 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.07. The business had revenue of $135 million for the quarter. On average, equities analysts forecast that Central European Media Enterprises will post ($0.01) EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in Central European Media Enterprises by 71.0% in the first quarter. Goldman Sachs Group Inc. now owns 46,452 shares of the company’s stock valued at $144,000 after buying an additional 19,287 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Central European Media Enterprises by 26.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 60,236 shares of the company’s stock valued at $187,000 after buying an additional 12,480 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Central European Media Enterprises by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 285,343 shares of the company’s stock valued at $885,000 after buying an additional 17,100 shares during the period. Renaissance Technologies LLC boosted its stake in Central European Media Enterprises by 248.3% in the first quarter. Renaissance Technologies LLC now owns 224,233 shares of the company’s stock valued at $695,000 after buying an additional 159,854 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Central European Media Enterprises by 2.7% in the first quarter. Geode Capital Management LLC now owns 614,433 shares of the company’s stock valued at $1,904,000 after buying an additional 16,011 shares during the period. 29.01% of the stock is owned by institutional investors.

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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