CTC Media (CTCM) in Focus: Stock Tumbles 8.1%

Zacks

CTC Media, Inc (CTCM) saw a big move last session, as the company’s shares fell more than 8% 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 CTCM, as the stock is now down 12% in the past one-month time frame.

The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. One estimate was revised lower while there was no upward revision. 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.

CTCM currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the services sector include British Sky Broadcasting Group plc (BSYBY), Entravision Communications Corporation (EVC) and Gray Television Inc. (GTN). All these stocks carry a Zacks Rank #2 (Buy).

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CTC MEDIA INC (CTCM): Free Stock Analysis Report

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