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CTC Media (NASDAQ:CTCM) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday. The firm currently has a $11.30 price target on the stock. Zacks‘s price target indicates a potential downside of 1.31% from the company’s current price.

Shares of CTC Media (NASDAQ:CTCM) traded up 4.00% during mid-day trading on Tuesday, hitting $11.45. 862,347 shares of the company’s stock traded hands. CTC Media has a one year low of $8.25 and a one year high of $13.95. The stock’s 50-day moving average is $10.29 and its 200-day moving average is $10.65. The company has a market cap of $1.783 billion and a price-to-earnings ratio of 11.11.

CTC Media (NASDAQ:CTCM) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The company had revenue of $186.25 million for the quarter, compared to the consensus estimate of $195.29 million. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts expect that CTC Media will post $0.88 EPS for the current fiscal year.

A number of other firms have also recently commented on CTCM. Analysts at Renaissance Capital cut their price target on shares of CTC Media from $10.70 to $10.40 in a research note on Thursday, May 1st. Analysts at Credit Suisse downgraded shares of CTC Media from a “neutral” rating to an “underperform” rating in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. CTC Media presently has a consensus rating of “Hold” and an average target price of $12.10.

CTC Media, Inc operates three Russian television networks CTC, Domashny and Peretz. CTC network offers entertainment programming targeted at 6-54 year-old viewers.

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