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

Separately, ValuEngine downgraded Central European Media Enterprises from a “hold” rating to a “sell” rating in a report on Friday, December 1st.

Shares of Central European Media Enterprises (NASDAQ:CETV) traded down $0.10 during midday trading on Friday, reaching $4.40. The company’s stock had a trading volume of 550,140 shares, compared to its average volume of 260,751. The company has a debt-to-equity ratio of -17.99, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market capitalization of $652.33, a P/E ratio of 450.00 and a beta of 0.90. Central European Media Enterprises has a fifty-two week low of $2.40 and a fifty-two week high of $5.20.

Central European Media Enterprises (NASDAQ:CETV) last issued its quarterly earnings results on Tuesday, October 24th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.07. The business had revenue of $119.43 million during the quarter. Central European Media Enterprises had a negative return on equity of 42.57% and a net margin of 4.70%.

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake 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 worth $1,904,000 after purchasing an additional 16,011 shares during the last quarter. FMR LLC raised its stake 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 purchasing an additional 69,400 shares during the last quarter. California Public Employees Retirement System raised its stake 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 purchasing an additional 59,400 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake 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 purchasing an additional 47,200 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake 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 purchasing an additional 159,854 shares during the last quarter. Hedge funds and other institutional investors 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.

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