U.S. Markets closed

Central European Media (CETV) Surges: Stock Moves 11.5% Higher

Zacks Equity Research

Central European Media Enterprises Ltd. (CETV) was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up about 32% in the past one-month time frame.

The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate has not been in a trend either. Yesterday’s price jump 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 #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the TV/radio broadcasting industry include Belo Corp. (BLC), Gray Television Inc. (GTN) and Salem Communications Corp. (SALM). While Belo has a Zacks Rank #1 (Strong Buy), Gray Television and Salem Communications carry 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

BELO CORP (BLC): Free Stock Analysis Report

GRAY TELEVISION INC (GTN): Free Stock Analysis Report

SALEM COMMUN CP CL A (SALM): Free Stock Analysis Report

Zacks Investment Research