Central European Media Enterprises (CETV) Rating Lowered to Sell at ValuEngine

ValuEngine cut shares of Central European Media Enterprises (NASDAQ:CETV) from a hold rating to a sell rating in a research report report published on Friday morning.

Separately, BidaskClub lowered shares of Central European Media Enterprises from a buy rating to a hold rating in a research report on Saturday, August 5th.

Central European Media Enterprises (NASDAQ:CETV) opened at $4.90 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of -17.99. The firm has a market cap of $703.07, a PE ratio of 485.00 and a beta of 0.90. Central European Media Enterprises has a 1 year low of $2.40 and a 1 year high of $5.20.

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

A number of large investors have recently modified their holdings of CETV. Janus Henderson Group PLC boosted its position in Central European Media Enterprises by 389.5% during the third quarter. Janus Henderson Group PLC now owns 2,325,000 shares of the company’s stock worth $9,416,000 after purchasing an additional 1,850,000 shares during the period. BT Investment Management Ltd purchased a new stake in shares of Central European Media Enterprises in the third quarter worth about $1,200,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Central European Media Enterprises by 163.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 290,000 shares of the company’s stock worth $1,189,000 after buying an additional 180,000 shares in the last quarter. Renaissance Technologies LLC lifted its holdings 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, State Street Corp lifted its holdings in shares of Central European Media Enterprises by 10.5% in the second quarter. State Street Corp now owns 1,349,477 shares of the company’s stock worth $5,398,000 after buying an additional 128,411 shares in the last quarter. Hedge funds and other institutional investors own 28.15% of the company’s stock.

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About Central European Media Enterprises

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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