Central European Media Enterprises (NASDAQ:CETV) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday.

Separately, BidaskClub upgraded Central European Media Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, August 25th.

Shares of Central European Media Enterprises (CETV) traded down $0.10 during trading on Friday, hitting $4.85. The stock had a trading volume of 203,612 shares, compared to its average volume of 299,500. Central European Media Enterprises has a fifty-two week low of $2.40 and a fifty-two week high of $5.20. The stock has a market capitalization of $703.07, a P/E ratio of 485.00 and a beta of 0.89. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of -17.99.

Central European Media Enterprises (NASDAQ:CETV) last announced its quarterly earnings data on Tuesday, October 24th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.07. Central European Media Enterprises had a negative return on equity of 42.57% and a net margin of 4.70%. The business had revenue of $119.43 million for the quarter.

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Central European Media Enterprises by 2.7% in the first quarter. Geode Capital Management LLC now owns 614,433 shares of the company’s stock valued at $1,904,000 after acquiring an additional 16,011 shares in the last quarter. FMR LLC lifted its position in shares of Central European Media Enterprises by 22.6% in the second quarter. FMR LLC now owns 376,312 shares of the company’s stock worth $1,505,000 after buying an additional 69,400 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Central European Media Enterprises by 58.5% in the second quarter. California Public Employees Retirement System now owns 160,900 shares of the company’s stock worth $644,000 after buying an additional 59,400 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Central European Media Enterprises by 248.3% in the first quarter. Renaissance Technologies LLC now owns 224,233 shares of the company’s stock worth $695,000 after buying an additional 159,854 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Central European Media Enterprises by 16.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 332,543 shares of the company’s stock worth $1,331,000 after buying an additional 47,200 shares in the last quarter. Institutional investors and hedge funds own 28.15% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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