Central European Media Enterprises (NASDAQ:CETV) Upgraded to “Buy” at BidaskClub

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BidaskClub upgraded shares of Central European Media Enterprises (NASDAQ:CETV) from a hold rating to a buy rating in a report published on Thursday morning, BidAskClub reports.

Separately, TheStreet cut shares of YRC Worldwide from a c rating to a d+ rating in a report on Wednesday, May 15th.

Shares of CETV stock remained flat at $$4.40 during trading on Thursday. 6,016 shares of the company were exchanged, compared to its average volume of 284,520. The company has a debt-to-equity ratio of 3.15, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 16.81 and a beta of 1.25. The firm has a fifty day moving average of $4.04. Central European Media Enterprises has a 52-week low of $2.67 and a 52-week high of $4.47.

Central European Media Enterprises (NASDAQ:CETV) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $146.56 million during the quarter. Central European Media Enterprises had a net margin of 24.66% and a return on equity of 53.69%.

Several hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of Central European Media Enterprises by 48.8% in the fourth quarter. Rhumbline Advisers now owns 109,709 shares of the company’s stock worth $305,000 after buying an additional 35,971 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Central European Media Enterprises in the fourth quarter worth $30,000. Acadian Asset Management LLC raised its position in shares of Central European Media Enterprises by 102.9% in the fourth quarter. Acadian Asset Management LLC now owns 23,627 shares of the company’s stock worth $66,000 after buying an additional 11,981 shares in the last quarter. Citigroup Inc. raised its position in shares of Central European Media Enterprises by 106.1% in the fourth quarter. Citigroup Inc. now owns 48,765 shares of the company’s stock worth $135,000 after buying an additional 25,105 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Central European Media Enterprises by 15.1% in the fourth quarter. Geode Capital Management LLC now owns 1,039,354 shares of the company’s stock worth $2,889,000 after buying an additional 136,662 shares in the last quarter. Hedge funds and other institutional investors own 10.52% 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, the Slovak Republic, and Slovenia. It broadcasts a total of 31 television channels, including general entertainment and other channels. The company also develops and produces content for television channels; and provides television content through various portals, including Voyo, a subscription video-on-demand service, and advertising supported catch-up services on its Websites, as well as operates a portfolio of digital media products that complement its news programming and other television station-related brands.

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