A statement released earlier today by Wunderlich Securities about Central European Media (NASDAQ:CETV) bumps the target price to $3.50
- Updated: September 24, 2016
Wunderlich Securities bumped up the target of Central European Media (NASDAQ:CETV) to $3.50 stating a potential upside of 0.56%.
Boasting a price of $2.24, Central European Media (NASDAQ:CETV) traded -0.86% lower on the day. With the last stock price close down -3.72% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Central European Media has recorded a 50-day average of $2.33 and a two hundred day average of $2.40. Volume of trade was up over the average, with 176,494 shares of CETV changing hands over the typical 159,291
With a total market value of $0, Central European Media has with a one year low of $1.92 and a one year high of $2.96 .
More About Central European Media (NASDAQ:CETV)
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. It has broadcast operations in over six countries in Central and Eastern Europe, broadcasting a total of approximately 40 television channels. The Company enters into agreements with advertisers, advertising agencies and sponsors to place advertising on the television channels that the Company operates. The Company collects fees from cable and direct-to-home (DTH) operators for carriage of its channels. The programming that it provides consists of locally-produced news, current affairs, fiction, and reality and entertainment shows, as well as acquired foreign movies, series and sports programming.
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