Is Central European Media Enterprises Ltd. (CETV) a Buy? The Stock Reaches 52-Week High Today

October 12, 2017 - By Louis Casey

Investors sentiment increased to 1.56 in Q2 2017. Its up 0.06, from 1.5 in 2017Q1. It increased, as 7 investors sold Central European Media Enterprises Ltd. shares while 18 reduced holdings. 16 funds opened positions while 23 raised stakes. 39.17 million shares or 0.08% more from 39.14 million shares in 2017Q1 were reported.
Putnam Invests Ltd Liability Corporation holds 617,722 shares or 0.01% of its portfolio. Sg Americas Ltd Liability Com has 0% invested in Central European Media Enterprises Ltd. (NASDAQ:CETV) for 10,734 shares. 29,669 are owned by Peak6 Invests Limited Partnership. 224,758 are owned by Tiaa Cref Mngmt Ltd Liability. Jpmorgan Chase Communication reported 0% of its portfolio in Central European Media Enterprises Ltd. (NASDAQ:CETV). Legal & General Gp Public Ltd Com invested in 0% or 24,644 shares. Vident Invest Advisory Lc has 0.02% invested in Central European Media Enterprises Ltd. (NASDAQ:CETV) for 67,993 shares. Rhumbline Advisers reported 96,983 shares stake. Ameritas Invest Ptnrs Inc owns 6,603 shares or 0% of their US portfolio. Amalgamated Savings Bank reported 10,235 shares. Dekabank Deutsche Girozentrale owns 110,000 shares. Geode Cap Mngmt Limited stated it has 686,435 shares. Art Advsrs Ltd Company holds 0% in Central European Media Enterprises Ltd. (NASDAQ:CETV) or 16,270 shares. Principal Fincl Group invested 0% of its portfolio in Central European Media Enterprises Ltd. (NASDAQ:CETV). New York State Common Retirement Fund has invested 0% in Central European Media Enterprises Ltd. (NASDAQ:CETV).

The stock of Central European Media Enterprises Ltd. (NASDAQ:CETV) hit a new 52-week high and has $5.16 target or 8.00 % above today’s $4.78 share price. The 8 months bullish chart indicates low risk for the $691.78 million company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $5.16 price target is reached, the company will be worth $55.34M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 256,616 shares traded. Central European Media Enterprises Ltd. (NASDAQ:CETV) has risen 73.16% since October 12, 2016 and is uptrending. It has outperformed by 56.46% the S&P500.

More notable recent Central European Media Enterprises Ltd. (NASDAQ:CETV) news were published by: Seekingalpha.com which released: “Central European Media Enterprises’ (CETV) CEO Michael Del Nin on Q2 2017 …” on July 25, 2017, also Seekingalpha.com with their article: “Acquisition And Following Debt Restructuring Mean Upside Potential For Central …” published on October 19, 2016, Seekingalpha.com published: “Central European Media Enterprises’ (CETV) CEO Michael Del Nin and Christoph …” on April 26, 2017. More interesting news about Central European Media Enterprises Ltd. (NASDAQ:CETV) were released by: Globenewswire.com and their article: “Central European Media Enterprises Announces Second Quarter 2017 Earnings …” published on July 18, 2017 as well as Globenewswire.com‘s news article titled: “Central European Media Enterprises Announces Debt Repricing, Immediately …” with publication date: March 06, 2017.

Central European Media Enterprises Ltd. is a media and entertainment firm operating in Central and Eastern Europe. The company has market cap of $691.78 million. The Company’s assets are held through a series of Dutch and Curacao holding companies. It currently has negative earnings. The Firm manages its business on a geographical basis, with six divisions: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.

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