Central European Media Enterprises (CETV) Upgraded by BidaskClub to “Hold”

Central European Media Enterprises (NASDAQ:CETV) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

NASDAQ CETV opened at $3.54 on Friday. Central European Media Enterprises has a 12 month low of $2.67 and a 12 month high of $4.65. The company has a debt-to-equity ratio of 3.41, a quick ratio of 2.68 and a current ratio of 2.68. The stock has a market capitalization of $867.10 million, a price-to-earnings ratio of 14.29 and a beta of 1.44.

Central European Media Enterprises (NASDAQ:CETV) last posted its earnings results on Wednesday, February 6th. The company reported $0.15 EPS for the quarter. Central European Media Enterprises had a net margin of 24.24% and a return on equity of 70.53%. The company had revenue of $228.25 million for the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its position in Central European Media Enterprises by 2.8% in the third quarter. Janus Henderson Group PLC now owns 7,400,000 shares of the company’s stock valued at $27,923,000 after buying an additional 198,600 shares during the last quarter. BlackRock Inc. lifted its position in Central European Media Enterprises by 7.7% in the second quarter. BlackRock Inc. now owns 4,910,596 shares of the company’s stock valued at $20,378,000 after buying an additional 351,788 shares during the last quarter. Vanguard Group Inc lifted its position in Central European Media Enterprises by 6.3% in the third quarter. Vanguard Group Inc now owns 1,638,471 shares of the company’s stock valued at $6,145,000 after buying an additional 97,335 shares during the last quarter. Vanguard Group Inc. lifted its position in Central European Media Enterprises by 6.3% in the third quarter. Vanguard Group Inc. now owns 1,638,471 shares of the company’s stock valued at $6,145,000 after buying an additional 97,335 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Central European Media Enterprises by 15.1% in the fourth quarter. Geode Capital Management LLC now owns 1,039,354 shares of the company’s stock valued at $2,889,000 after buying an additional 136,662 shares during the last quarter. 11.58% of the stock is currently owned by institutional investors.

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.

See Also: Cash Flow

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