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CTC Media (NASDAQ:CTCM) fell 4.6% during mid-day trading on Wednesday after Barclays lowered their price target on the stock from $12.85 to $11.66, Stock Ratings News reports. The stock traded as low as $10.25 and last traded at $10.27, with a volume of 892,507 shares changing hands. The stock had previously closed at $10.77.

Several other analysts have also recently commented on the stock. Analysts at Renaissance Capital downgraded shares of CTC Media from a “hold” rating to a “sell” rating in a research note on Wednesday. Separately, analysts at Zacks upgraded shares of CTC Media from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $11.30 price target on the stock. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. CTC Media presently has a consensus rating of “Hold” and a consensus price target of $12.42.

The stock has a 50-day moving average of $10.55 and a 200-day moving average of $10.60. The company has a market cap of $1.598 billion and a price-to-earnings ratio of 10.86.

CTC Media (NASDAQ:CTCM) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ 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. CTC Media’s revenue was down 4.7% compared to the same quarter last year. On average, analysts predict that CTC Media will post $0.88 earnings per share for the current fiscal year.

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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