Central European Media Enterprises (CETV) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of Central European Media Enterprises (NASDAQ:CETV) from a strong sell rating to a sell rating in a research report report published on Saturday.

Shares of CETV opened at $3.18 on Friday. The company has a debt-to-equity ratio of 4.18, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market capitalization of $803.90 million, a PE ratio of 16.74 and a beta of 1.76. Central European Media Enterprises has a one year low of $3.08 and a one year high of $4.90.

Central European Media Enterprises (NASDAQ:CETV) last issued its earnings results on Thursday, October 18th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.18). The firm had revenue of $123.52 million during the quarter. Central European Media Enterprises had a net margin of 23.04% and a return on equity of 100.02%.

Several institutional investors and hedge funds have recently modified their holdings of CETV. KBC Group NV boosted its stake in Central European Media Enterprises by 151.7% during the 2nd quarter. KBC Group NV now owns 349,309 shares of the company’s stock valued at $1,450,000 after purchasing an additional 210,512 shares during the last quarter. Sei Investments Co. boosted its stake in Central European Media Enterprises by 109.3% during the 2nd quarter. Sei Investments Co. now owns 34,136 shares of the company’s stock valued at $142,000 after purchasing an additional 17,824 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Central European Media Enterprises by 17.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 450,416 shares of the company’s stock valued at $1,870,000 after purchasing an additional 66,430 shares during the last quarter. BlackRock Inc. boosted its stake in Central European Media Enterprises by 7.7% during the 2nd quarter. BlackRock Inc. now owns 4,910,596 shares of the company’s stock valued at $20,378,000 after purchasing an additional 351,788 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Central European Media Enterprises by 7.9% during the 2nd quarter. Janus Henderson Group PLC now owns 7,201,400 shares of the company’s stock valued at $29,717,000 after purchasing an additional 529,487 shares during the last quarter. Institutional investors own 12.41% of the company’s stock.

About Central European Media Enterprises

Central European Media Enterprises Ltd. operates as a media and entertainment company in Bulgaria, the Czech Republic, Romania, and the Slovak Republic. It broadcasts a total of 26 television channels, including general entertainment and other channels. The company also develops and produces content for television channels; and provides premium television content through a series of portals, including Voyo, a subscription based video-on-demand service, and advertising supported catch-up services on its Websites.

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