Central European Media Enterprises Ltd. (CETV) Announces Earnings Results
Central European Media Enterprises Ltd. (NASDAQ:CETV) announced its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.07, MarketWatch Earnings reports. Central European Media Enterprises had a negative return on equity of 18.46% and a net margin of 2.82%.
Shares of Central European Media Enterprises (NASDAQ CETV) traded down 2.660% during mid-day trading on Tuesday, reaching $4.575. The company’s stock had a trading volume of 65,534 shares. Central European Media Enterprises has a 52 week low of $2.15 and a 52 week high of $4.85. The firm has a market capitalization of $662.67 million, a PE ratio of 183.000 and a beta of 0.98. The firm has a 50-day moving average of $4.28 and a 200-day moving average of $4.10.
Separately, BidaskClub downgraded Central European Media Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, August 5th.
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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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