Central European Media Enterprises (CETV) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Central European Media Enterprises (NASDAQ:CETV) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Separately, BidaskClub cut Central European Media Enterprises from a buy rating to a hold rating in a report on Saturday, August 5th.

Shares of Central European Media Enterprises (CETV) traded down $0.10 during trading on Friday, hitting $4.85. The stock had a trading volume of 203,600 shares, compared to its average volume of 265,229. The stock has a market cap of $703.07, a PE ratio of 485.00 and a beta of 0.90. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of -17.99. Central European Media Enterprises has a 12-month low of $2.40 and a 12-month high of $5.20.

Central European Media Enterprises (NASDAQ:CETV) last announced its earnings results on Tuesday, October 24th. The company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.07. The firm had revenue of $119.43 million during the quarter. Central European Media Enterprises had a negative return on equity of 42.57% and a net margin of 4.70%.

A number of institutional investors and hedge funds have recently bought and sold shares of CETV. Goldman Sachs Group Inc. boosted its holdings in Central European Media Enterprises by 71.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,452 shares of the company’s stock valued at $144,000 after acquiring an additional 19,287 shares during the period. American International Group Inc. boosted its holdings in Central European Media Enterprises by 7.1% during the 1st quarter. American International Group Inc. now owns 47,100 shares of the company’s stock valued at $146,000 after acquiring an additional 3,124 shares during the period. Alliancebernstein L.P. purchased a new position in Central European Media Enterprises during the 2nd quarter valued at $176,000. PEAK6 Investments L.P. boosted its holdings in Central European Media Enterprises by 46.4% during the 3rd quarter. PEAK6 Investments L.P. now owns 43,441 shares of the company’s stock valued at $176,000 after acquiring an additional 13,772 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in Central European Media Enterprises by 16.6% during the 2nd quarter. Voya Investment Management LLC now owns 46,348 shares of the company’s stock valued at $185,000 after acquiring an additional 6,590 shares during the period. Institutional investors own 28.15% of the company’s stock.

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About Central European Media Enterprises

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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