What Next for Central European Media Enterprises Ltd. (CETV) After Forming Bullish Double Top Chart Pattern?

June 14, 2017 - By Louis Casey

Investors sentiment increased to 2 in Q4 2016. Its up 1.08, from 0.92 in 2016Q3. It is positive, as 3 investors sold Central European Media Enterprises Ltd. shares while 16 reduced holdings. 12 funds opened positions while 26 raised stakes. 39.64 million shares or 7.53% more from 36.86 million shares in 2016Q3 were reported.
Schwab Charles Inv Mgmt owns 268,243 shares for 0% of their portfolio. New York-based New York State Common Retirement Fund has invested 0% in Central European Media Enterprises Ltd. (NASDAQ:CETV). Principal Gp, Iowa-based fund reported 15,069 shares. Vanguard Gp stated it has 0% in Central European Media Enterprises Ltd. (NASDAQ:CETV). Moreover, Bnp Paribas Arbitrage has 0% invested in Central European Media Enterprises Ltd. (NASDAQ:CETV) for 3,861 shares. D E Shaw & Co accumulated 53,244 shares or 0% of the stock. Blackrock Fund owns 2.47 million shares for 0% of their portfolio. 2.22M are held by Capital World Investors. Goldman Sachs accumulated 27,165 shares or 0% of the stock. Rhumbline Advisers holds 0% or 85,149 shares in its portfolio. Jane Street Gru Ltd Co stated it has 16,679 shares or 0% of all its holdings. Commerzbank Aktiengesellschaft Fi owns 11,631 shares. Blackrock Incorporated stated it has 5,873 shares. Moreover, Blackrock Advsrs Limited Liability Company has 0% invested in Central European Media Enterprises Ltd. (NASDAQ:CETV) for 25,139 shares. Moreover, Metropolitan Life Insurance Ny has 0% invested in Central European Media Enterprises Ltd. (NASDAQ:CETV) for 47,756 shares.

Since March 7, 2017, it had 0 insider buys, and 2 selling transactions for $83,278 activity. Another trade for 10,163 shares valued at $31,007 was made by Penn Daniel on Tuesday, March 7.

The chart of Central European Media Enterprises Ltd. (CETV) shows a double top with $4.64 target or 8.00 % above today’s $4.30 share price. The 9 months chart pattern indicates low risk for the $628.61 million company. It was reported on Jun, 14 by Finviz.com. If the $4.64 price target is reached, the company will be worth $50.29 million more. Double tops are rare but powerful chart patterns.

The stock increased 3.61% or $0.15 during the last trading session, reaching $4.3. About shares traded. Central European Media Enterprises Ltd. (NASDAQ:CETV) has risen 73.16% since June 14, 2016 and is uptrending. It has outperformed by 56.46% the S&P500.

Analysts await Central European Media Enterprises Ltd. (NASDAQ:CETV) to report earnings on July, 25. They expect $0.06 EPS, up 100.00 % or $0.03 from last year’s $0.03 per share. CETV’s profit will be $8.77 million for 17.92 P/E if the $0.06 EPS becomes a reality. After $-0.09 actual EPS reported by Central European Media Enterprises Ltd. for the previous quarter, Wall Street now forecasts -166.67 % EPS growth.

More notable recent Central European Media Enterprises Ltd. (NASDAQ:CETV) news were published by: Globenewswire.com which released: “Central European Media Enterprises Announces New €469 Million Term Loan to …” on February 22, 2016, also Seekingalpha.com with their article: “Central European Media Enterprises’ (CETV) CEO Michael Del Nin And Christoph …” published on February 10, 2017, Seekingalpha.com published: “Central European Media’s Newest Activist” on December 02, 2015. More interesting news about Central European Media Enterprises Ltd. (NASDAQ:CETV) were released by: Fool.com and their article: “Why Central European Media Enterprises Ltd. Jumped 22% Today” published on April 26, 2017 as well as Zacks.com‘s news article titled: “Why Central European Media (CETV) Could Be a Potential Winner” with publication date: April 12, 2017.

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