Central European Media Enterprises (NASDAQ:CETV) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Friday.

Separately, BidaskClub downgraded shares of Central European Media Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th.

Central European Media Enterprises (NASDAQ:CETV) traded down $0.10 during trading hours on Friday, reaching $4.85. 203,612 shares of the company were exchanged, compared to its average volume of 299,500. Central European Media Enterprises has a 1-year low of $2.40 and a 1-year high of $5.20. The company has a market capitalization of $703.07, a price-to-earnings ratio of 485.00 and a beta of 0.89. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of -17.99.

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

Institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its stake in Central European Media Enterprises by 71.0% during the first quarter. Goldman Sachs Group Inc. now owns 46,452 shares of the company’s stock worth $144,000 after buying an additional 19,287 shares in the last quarter. American International Group Inc. grew its stake in Central European Media Enterprises by 7.1% during the first quarter. American International Group Inc. now owns 47,100 shares of the company’s stock worth $146,000 after buying an additional 3,124 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in Central European Media Enterprises during the second quarter worth about $176,000. PEAK6 Investments L.P. grew its stake in Central European Media Enterprises by 46.4% during the third quarter. PEAK6 Investments L.P. now owns 43,441 shares of the company’s stock worth $176,000 after buying an additional 13,772 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in Central European Media Enterprises by 16.6% during the second quarter. Voya Investment Management LLC now owns 46,348 shares of the company’s stock worth $185,000 after buying an additional 6,590 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.

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