Share on StockTwits

CTC Media (NASDAQ:CTCM) declared a quarterly dividend on Monday, August 11th, Analyst Ratings Net reports. Investors of record on Friday, September 5th will be given a dividend of 0.175 per share on Friday, September 26th. This represents a $0.70 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend is Wednesday, September 3rd.

A number of research firms have recently commented on CTCM. Analysts at Barclays cut their price target on shares of CTC Media from $12.85 to $11.66 in a research note on Wednesday, July 9th. Analysts at Renaissance Capital downgraded shares of CTC Media from a “hold” rating to a “sell” rating in a research note on Wednesday, July 9th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $12.79.

Shares of CTC Media (NASDAQ:CTCM) traded up 1.26% on Monday, hitting $9.62. The stock had a trading volume of 443,353 shares. CTC Media has a one year low of $8.25 and a one year high of $13.95. The stock has a 50-day moving average of $10.45 and a 200-day moving average of $10.16. The company has a market cap of $1.498 billion and a P/E ratio of 9.89.

CTC Media (NASDAQ:CTCM) last announced its earnings results on Thursday, July 31st. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.01. The company had revenue of $206.02 million for the quarter, compared to the consensus estimate of $186.30 million. CTC Media’s revenue was down 10.5% compared to the same quarter last year. On average, analysts predict that CTC Media will post $0.86 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.