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Central European Media Enterprises (CETV) in Focus: Stock Slumps 17.4%
March 20, 2014

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Central European Media Enterprises Ltd. saw a big move last session, as the company’s shares fell by over 17% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CETV, as the stock is now down nearly 25% since Feb 28, 2014.
The media and advertising company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CETV currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include Entravision Communications Corporation (EVC - Free Report) , Phoenix New Media Limited and Starz . All these stocks hold a Zacks Rank #2 (Buy).
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