Central European Media Enterprises Ltd. (CETV) Releases Earnings Results, Beats Estimates By $0.11 EPS
Central European Media Enterprises Ltd. (NASDAQ:CETV) posted its earnings results on Tuesday. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.11, MarketWatch Earnings reports. The firm had revenue of $181.86 million for the quarter.
Central European Media Enterprises (NASDAQ:CETV) traded up 1.16% during mid-day trading on Wednesday, reaching $4.35. The company had a trading volume of 45,839 shares. The stock has a 50 day moving average of $4.15 and a 200 day moving average of $3.44. Central European Media Enterprises has a 52 week low of $2.15 and a 52 week high of $4.55. The stock’s market capitalization is $628.23 million.
In other Central European Media Enterprises news, insider Global Equity Master Fund Tcs sold 5,000,000 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $4.05, for a total transaction of $20,250,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.77% of the company’s stock.
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CETV has been the topic of several recent research reports. BidaskClub upgraded Central European Media Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered Central European Media Enterprises from a “buy” rating to a “sell” rating in a report on Monday, June 5th. Finally, TheStreet upgraded Central European Media Enterprises from a “d” rating to a “c” rating in a report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $3.90.
Central European Media Enterprises Company Profile
Central European Media Enterprises Ltd. (CME Ltd.) is a media and entertainment company operating in Central and Eastern Europe. The Company’s assets are held through a series of Dutch and Curacao holding companies. The Company manages its business on a geographical basis, with six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.
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