BidaskClub upgraded shares of Central European Media Enterprises (NASDAQ:CETV) from a sell rating to a hold rating in a research report sent to investors on Thursday.

Shares of NASDAQ CETV traded up $0.01 during mid-day trading on Thursday, hitting $3.24. The company had a trading volume of 144,900 shares, compared to its average volume of 312,725. The company has a debt-to-equity ratio of 4.18, a quick ratio of 2.28 and a current ratio of 2.28. Central European Media Enterprises has a 12 month low of $2.67 and a 12 month high of $4.90. The stock has a market cap of $814.02 million, a PE ratio of 16.95 and a beta of 1.60.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its stake in shares of Central European Media Enterprises by 109.3% in the second quarter. Sei Investments Co. now owns 34,136 shares of the company’s stock valued at $142,000 after buying an additional 17,824 shares during the period. Pictet Asset Management Ltd. bought a new position in Central European Media Enterprises during the third quarter worth about $145,000. Globeflex Capital L P bought a new position in Central European Media Enterprises during the third quarter worth about $249,000. Citadel Advisors LLC lifted its stake in Central European Media Enterprises by 97.2% during the second quarter. Citadel Advisors LLC now owns 73,212 shares of the company’s stock worth $304,000 after purchasing an additional 36,086 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Central European Media Enterprises by 58.5% during the second quarter. California Public Employees Retirement System now owns 160,908 shares of the company’s stock worth $668,000 after purchasing an additional 59,408 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

Central European Media Enterprises Company Profile

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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