CTS Eventim AG & Co KGaA (EVD) Given Average Recommendation of “Buy” by Brokerages
Shares of CTS Eventim AG & Co KGaA (ETR:EVD) have been assigned a consensus rating of “Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is €44.56 ($51.82).
EVD has been the topic of a number of recent research reports. DZ Bank reaffirmed a “buy” rating on shares of CTS Eventim AG & Co KGaA in a research report on Tuesday, June 19th. equinet set a €37.50 ($43.60) price objective on CTS Eventim AG & Co KGaA and gave the company a “sell” rating in a research report on Wednesday, July 4th. Baader Bank set a €44.00 ($51.16) price objective on CTS Eventim AG & Co KGaA and gave the company a “neutral” rating in a research report on Wednesday, July 4th. Hauck & Aufhaeuser set a €49.00 ($56.98) price objective on CTS Eventim AG & Co KGaA and gave the company a “buy” rating in a research report on Wednesday, August 15th. Finally, Warburg Research set a €41.00 ($47.67) price objective on CTS Eventim AG & Co KGaA and gave the company a “neutral” rating in a research report on Monday, August 27th.
EVD stock traded down €0.38 ($0.44) during trading on Friday, reaching €37.40 ($43.49). 116,796 shares of the company traded hands, compared to its average volume of 148,299. CTS Eventim AG & Co KGaA has a 12 month low of €33.64 ($39.12) and a 12 month high of €43.26 ($50.30).
CTS Eventim AG & Co KGaA operates in the leisure events market worldwide. It operates through two segments, Ticketing and Live Entertainment. The Ticketing segment produces, sells, brokers, distributes, and markets tickets for concerts, theatre, art, sports, and other events. It markets events (tickets) through eventim.de and using its network platform, eventim.net; in-house ticketing products through eventim.inhouse; sport ticketing products through eventim.tixx and eventim.farm; and self-service products for event organizers through EVENTIM.Light, as well as provides a solution for ticket sales and admission control through evetim.access.
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