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CTC Media (NASDAQ:CTCM) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, reports. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $12.42.

Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of CTC Media from $12.85 to $11.66 in a research note on Wednesday. Separately, analysts at Renaissance Capital downgraded shares of CTC Media from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, 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.

Shares of CTC Media (NASDAQ:CTCM) opened at 10.62 on Wednesday. CTC Media has a 52 week low of $8.25 and a 52 week high of $13.95. The stock has a 50-day moving average of $10.65 and a 200-day moving average of $10.56. The company has a market cap of $1.654 billion and a P/E ratio of 10.69.

CTC Media (NASDAQ:CTCM) last posted its quarterly earnings results 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 $0.86 EPS 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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