Zacks Investment Research upgraded shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) from a hold rating to a buy rating in a report issued on Monday, May 29th. The firm currently has $4.50 price target on the stock.

According to Zacks, “Central European Media Enterprises Ltd. Is involved in the Media and Advertising Industry. They invest in, develop and operate national and regional commercial television stations and networks. “

Separately, TheStreet raised shares of Central European Media Enterprises from a d rating to a c rating in a research report on Wednesday, May 17th.

Central European Media Enterprises (NASDAQ:CETV) opened at 4.20 on Monday. The company’s 50-day moving average is $4.10 and its 200 day moving average is $3.16. The company’s market capitalization is $606.57 million. Central European Media Enterprises has a one year low of $2.03 and a one year high of $4.45.

Central European Media Enterprises (NASDAQ:CETV) last posted its quarterly earnings results on Wednesday, April 26th. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.07. The company had revenue of $135 million for the quarter. On average, equities analysts anticipate that Central European Media Enterprises will post ($0.01) earnings per share for the current year.

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Several large investors have recently modified their holdings of CETV. SG Americas Securities LLC purchased a new position in Central European Media Enterprises during the first quarter worth about $109,000. Spark Investment Management LLC acquired a new position in Central European Media Enterprises during the first quarter valued at $118,000. Goldman Sachs Group Inc. raised its stake in shares of Central European Media Enterprises by 71.0% in the first quarter. Goldman Sachs Group Inc. now owns 46,452 shares of the company’s stock valued at $144,000 after buying an additional 19,287 shares in the last quarter. American International Group Inc. raised its stake in shares of Central European Media Enterprises by 7.1% in the first quarter. American International Group Inc. now owns 47,100 shares of the company’s stock valued at $146,000 after buying an additional 3,124 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in shares of Central European Media Enterprises during the fourth quarter valued at about $122,000. Institutional investors and hedge funds own 29.01% of the company’s stock.

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.

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