CTS Eventim AG & Co KGaA (EVD) Receives Average Recommendation of “Buy” from Brokerages

Shares of CTS Eventim AG & Co KGaA (ETR:EVD) have been assigned an average rating of “Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is €44.31 ($51.53).

Several brokerages have recently issued reports on EVD. Kepler Capital Markets set a €43.50 ($50.58) price objective on CTS Eventim AG & Co KGaA and gave the company a “buy” rating in a research report on Tuesday, November 13th. DZ Bank restated a “buy” rating on shares of CTS Eventim AG & Co KGaA in a research report on Friday, August 24th. Hauck & Aufhaeuser set a €49.00 ($56.98) price objective on CTS Eventim AG & Co KGaA and gave the company a “buy” rating in a research report on Wednesday, August 15th. equinet set a €37.50 ($43.60) price objective on CTS Eventim AG & Co KGaA and gave the company a “sell” rating in a research report on Monday, August 20th. Finally, Baader Bank set a €44.00 ($51.16) price objective on CTS Eventim AG & Co KGaA and gave the company a “neutral” rating in a research report on Thursday, August 16th.

Shares of ETR:EVD traded up €0.36 ($0.42) on Friday, hitting €34.20 ($39.77). The company had a trading volume of 103,571 shares, compared to its average volume of 148,299. CTS Eventim AG & Co KGaA has a 52-week low of €33.64 ($39.12) and a 52-week high of €43.26 ($50.30).

CTS Eventim AG & Co KGaA Company Profile

CTS Eventim AG & Co KGaA operates in the leisure events market worldwide. It operates through two segments, Ticketing and Live Entertainment. The Ticketing segment produces, sells, brokers, distributes, and markets tickets for concerts, theatre, art, sports, and other events. It markets events (tickets) through eventim.de and using its network platform, eventim.net; in-house ticketing products through eventim.inhouse; sport ticketing products through eventim.tixx and eventim.farm; and self-service products for event organizers through EVENTIM.Light, as well as provides a solution for ticket sales and admission control through evetim.access.

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Analyst Recommendations for CTS Eventim AG & Co KGaA (ETR:EVD)

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