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Central European Media (CETV) Jumps: Stock Moves Up 7%
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Central European Media Enterprises Ltd. was a big mover last session, as its shares rose almost 7% on the day. The move came after the company reported a 29% rise in first-quarter core profit, boosted by growing television advertising markets and increasing subscription fees. Revenues also beat estimates, growing by nearly 5% to $135 million. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 32% in the past one-month time frame.
The company has seen one positive estimate revision in the past 30 days, its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Central European Media currently carries a Zacks Rank #2 (Buy).
Is CETV going up? Or down? Predict to see what others think: Up or Down
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Central European Media (CETV) Jumps: Stock Moves Up 7%
Central European Media Enterprises Ltd. was a big mover last session, as its shares rose almost 7% on the day. The move came after the company reported a 29% rise in first-quarter core profit, boosted by growing television advertising markets and increasing subscription fees. Revenues also beat estimates, growing by nearly 5% to $135 million. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 32% in the past one-month time frame.
The company has seen one positive estimate revision in the past 30 days, its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Central European Media currently carries a Zacks Rank #2 (Buy).
Central European Media Enterprises Ltd. Price
Central European Media Enterprises Ltd. Price | Central European Media Enterprises Ltd. Quote
A top ranked stock in the Broadcast Radio and Television space is Salem Media Group, Inc. (SALM - Free Report) , carrying a Zacks Rank #2 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is CETV going up? Or down? Predict to see what others think: Up or Down
Looking for Ideas with Even Greater Upside?
Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more.
Click here for a peek at this private information>>