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 Quick QuoteSALM - 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.
    
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