Central European Media Enterprises Ltd. (NASDAQ:CETV)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.34 and last traded at $4.34, with a volume of 4113 shares changing hands. The stock had previously closed at $4.21.
Several brokerages have recently issued reports on CETV. BidaskClub upgraded shares of Central European Media Enterprises from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. TheStreet upgraded shares of Central European Media Enterprises from a “c+” rating to a “b” rating in a report on Wednesday, May 15th.
The firm’s fifty day simple moving average is $3.90. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 3.15. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 16.19 and a beta of 1.15.
Several institutional investors have recently modified their holdings of CETV. Vanguard Group Inc. grew its holdings in Central European Media Enterprises by 6.3% during the third quarter. Vanguard Group Inc. now owns 1,638,471 shares of the company’s stock valued at $6,145,000 after purchasing an additional 97,335 shares during the period. Rhumbline Advisers grew its holdings in Central European Media Enterprises by 48.8% during the fourth quarter. Rhumbline Advisers now owns 109,709 shares of the company’s stock valued at $305,000 after purchasing an additional 35,971 shares during the period. SG Americas Securities LLC bought a new position in Central European Media Enterprises during the fourth quarter valued at $35,000. Prudential Financial Inc. bought a new position in Central European Media Enterprises during the fourth quarter valued at $30,000. Finally, Acadian Asset Management LLC grew its holdings in Central European Media Enterprises by 102.9% during the fourth quarter. Acadian Asset Management LLC now owns 23,627 shares of the company’s stock valued at $66,000 after purchasing an additional 11,981 shares during the period. Institutional investors and hedge funds own 10.52% of the company’s stock.
Central European Media Enterprises Company Profile (NASDAQ:CETV)
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.
Recommended Story: What is a balanced fund?
Receive News & Ratings for Central European Media Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central European Media Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.