Central European Media Enterprises Ltd. (CETV) shares are up almost 6% to $2.52 in early Monday trading. The gains may be attributed to an upgrade to ‘Neutral’ from ‘Sell’ at Goldman Sachs (GS).
From a valuation and profitability-measure standpoint, shares of Central European Media have a price/sales ratio of 0.43. Trailing-12 profit and operating margins currently stand at (-30.88%) and 4.58%, respectively. EPS for the same period is at -$1.63. The $338 million market cap company reported $87.82 million in cash vs. $827.76 million in debt in its most recent quarter.
In the past 52 weeks, shares of Central European Media have traded between a low of $2.03 and a high of $6.65. Shares are down 31.52% y/y, and 34.37% year-to-date.
The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.
Central European ME is a media and entertainment firm operating in central and eastern Europe. The company was founded in 1994 and is based in Hamilton, Bermuda.