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

Separately, BidaskClub lowered Central European Media Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th.

Shares of Central European Media Enterprises (NASDAQ:CETV) traded down $0.10 during mid-day trading on Friday, reaching $4.85. The company had a trading volume of 203,612 shares, compared to its average volume of 265,229. The company has a debt-to-equity ratio of -17.99, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market capitalization of $724.82, a price-to-earnings ratio of 500.00 and a beta of 0.90. Central European Media Enterprises has a 1 year low of $2.40 and a 1 year high of $5.20.

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

Institutional investors and hedge funds have recently modified their holdings of the business. PEAK6 Investments L.P. boosted its holdings 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 during the last quarter. Alliancebernstein L.P. bought a new position in Central European Media Enterprises during the second quarter worth about $176,000. Voya Investment Management LLC boosted its holdings 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 during the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 during the last quarter. Finally, American International Group Inc. boosted its holdings 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 during 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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