Central European Media Enterprises (CETV) Hits New 52-Week Low at $3.55

Central European Media Enterprises Ltd. (NASDAQ:CETV) shares hit a new 52-week low on Friday . The stock traded as low as $3.55 and last traded at $3.57, with a volume of 1205 shares trading hands. The stock had previously closed at $3.60.

A number of equities analysts recently weighed in on CETV shares. BidaskClub upgraded Central European Media Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. ValuEngine upgraded Central European Media Enterprises from a “sell” rating to a “hold” rating in a research report on Friday, June 1st.

The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 7.91. The stock has a market cap of $907.64 million, a price-to-earnings ratio of 27.69 and a beta of 1.15.

Central European Media Enterprises (NASDAQ:CETV) last released its quarterly earnings results on Tuesday, July 24th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.05). Central European Media Enterprises had a net margin of 10.77% and a return on equity of 475.27%. The company had revenue of $159.56 million during the quarter.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Central European Media Enterprises by 1.8% in the 4th quarter. BlackRock Inc. now owns 4,498,227 shares of the company’s stock valued at $20,917,000 after purchasing an additional 78,693 shares during the period. MetLife Investment Advisors LLC boosted its position in shares of Central European Media Enterprises by 112.8% in the 1st quarter. MetLife Investment Advisors LLC now owns 40,414 shares of the company’s stock valued at $170,000 after purchasing an additional 21,426 shares during the period. KBC Group NV acquired a new position in shares of Central European Media Enterprises in the 1st quarter valued at $583,000. Two Sigma Advisers LP boosted its position in shares of Central European Media Enterprises by 72.4% in the 4th quarter. Two Sigma Advisers LP now owns 96,697 shares of the company’s stock valued at $450,000 after purchasing an additional 40,600 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Central European Media Enterprises by 142.4% in the 4th quarter. Millennium Management LLC now owns 323,300 shares of the company’s stock valued at $1,503,000 after purchasing an additional 189,946 shares during the period. Institutional investors and hedge funds own 29.73% 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, and the Slovak Republic. It broadcasts a total of 26 television channels, including general entertainment and other channels. The company also develops and produces content for television channels; and provides premium television content through a series of portals, including Voyo, a subscription based video-on-demand service, and advertising supported catch-up services on its Websites.

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