Central European Media Enterprises (CETV) Stock Rating Lowered by BidaskClub

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

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

Shares of Central European Media Enterprises (CETV) traded up $0.10 on Friday, hitting $4.70. The company had a trading volume of 78,328 shares, compared to its average volume of 167,537. The company has a debt-to-equity ratio of -17.99, a current ratio of 1.96 and a quick ratio of 1.96. Central European Media Enterprises has a 52-week low of $2.55 and a 52-week high of $5.20. The stock has a market capitalization of $666.83, a PE ratio of -156.61 and a beta of 0.92.

Central European Media Enterprises (NASDAQ:CETV) last issued its quarterly earnings results on Tuesday, October 24th. The company reported ($0.03) EPS for the quarter, topping 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 firm had revenue of $119.43 million during the quarter.

A number of large investors have recently modified their holdings of the business. Acadian Asset Management LLC grew its holdings in Central European Media Enterprises by 185.3% in the 4th quarter. Acadian Asset Management LLC now owns 22,063 shares of the company’s stock valued at $103,000 after buying an additional 14,330 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Central European Media Enterprises by 6.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 371,701 shares of the company’s stock valued at $1,729,000 after buying an additional 21,663 shares in the last quarter. California Public Employees Retirement System grew its holdings in Central European Media Enterprises by 12.6% in the 3rd quarter. California Public Employees Retirement System now owns 181,183 shares of the company’s stock valued at $734,000 after buying an additional 20,283 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Central European Media Enterprises by 389.5% in the 3rd quarter. Janus Henderson Group PLC now owns 2,325,000 shares of the company’s stock valued at $9,416,000 after buying an additional 1,850,000 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Central European Media Enterprises by 121.9% in the 3rd quarter. Jane Street Group LLC now owns 55,790 shares of the company’s stock valued at $226,000 after buying an additional 30,652 shares in the last quarter. Institutional investors own 28.14% 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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