Central European Media Enterprises Ltd. (CETV) was a big mover last session, as its shares rose nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company since March 10, as the stock is now trading above the volatile price range of $2.53 to $2.86.
In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Central European Media Enterprises currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the broadcasting industry include British Sky Broadcasting Group plc (BSYBY), Entravision Communications Corporation (EVC) and LIN Media LLC (LIN). All these stocks hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
CENTRAL EUR MEDIA ENT CL A (CETV): Free Stock Analysis Report
BRITISH SKY ADS (BSYBY): Free Stock Analysis Report
ENTRAVISION COMMUNICATIONS C (EVC): Free Stock Analysis Report
LIN MEDIA LLC (LIN): Free Stock Analysis Report
Zacks Investment Research