Could Central European Media Enterprises Ltd. (CETV) Go Down After Making 52-Week High?

October 12, 2017 - By Stephen Andrade

Investors sentiment increased to 1.56 in 2017 Q2. Its up 0.06, from 1.5 in 2017Q1. It improved, as 7 investors sold Central European Media Enterprises Ltd. shares while 18 reduced holdings. 16 funds opened positions while 23 raised stakes. 39.17 million shares or 0.08% more from 39.14 million shares in 2017Q1 were reported.
Legal General Group Inc Public Limited Company owns 24,644 shares for 0% of their portfolio. Parametric Portfolio Assoc Llc stated it has 60,436 shares. Vident Advisory Ltd Liability has 0.02% invested in Central European Media Enterprises Ltd. (NASDAQ:CETV). D E Shaw & Co holds 59,426 shares. Credit Suisse Ag has invested 0% in Central European Media Enterprises Ltd. (NASDAQ:CETV). Panagora Asset Mgmt Inc stated it has 0% of its portfolio in Central European Media Enterprises Ltd. (NASDAQ:CETV). 43,900 are owned by Alliancebernstein L P. Sg Americas Securities Lc holds 0% of its portfolio in Central European Media Enterprises Ltd. (NASDAQ:CETV) for 10,734 shares. Art Advisors Lc accumulated 0% or 16,270 shares. Federated Investors Pa accumulated 3,101 shares. Illinois-based Citadel Advsr Ltd Liability Co has invested 0% in Central European Media Enterprises Ltd. (NASDAQ:CETV). Citigroup has 0% invested in Central European Media Enterprises Ltd. (NASDAQ:CETV). Jane Street Limited Com has invested 0% in Central European Media Enterprises Ltd. (NASDAQ:CETV). Amalgamated Bank & Trust invested in 10,235 shares. Nationwide Fund invested 0% of its portfolio in Central European Media Enterprises Ltd. (NASDAQ:CETV).

The stock of Central European Media Enterprises Ltd. (NASDAQ:CETV) hit a new 52-week high and has $5.16 target or 8.00 % above today’s $4.78 share price. The 8 months bullish chart indicates low risk for the $691.78 million company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $5.16 price target is reached, the company will be worth $55.34M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 256,616 shares traded. Central European Media Enterprises Ltd. (NASDAQ:CETV) has risen 73.16% since October 12, 2016 and is uptrending. It has outperformed by 56.46% the S&P500.

More notable recent Central European Media Enterprises Ltd. (NASDAQ:CETV) news were published by: Fool.com which released: “Why Central European Media Enterprises Ltd. Jumped 22% Today” on April 26, 2017, also Seekingalpha.com with their article: “Central European Media Enterprises’ (CETV) CEO Michael Del Nin on Q2 2017 …” published on July 25, 2017, Seekingalpha.com published: “Central European Media Enterprises’ (CETV) CEO Michael Del Nin and Christoph …” on April 26, 2017. More interesting news about Central European Media Enterprises Ltd. (NASDAQ:CETV) were released by: Globenewswire.com and their article: “Central European Media Enterprises Announces Debt Repricing, Immediately …” published on March 06, 2017 as well as Seekingalpha.com‘s news article titled: “Acquisition And Following Debt Restructuring Mean Upside Potential For Central …” with publication date: October 19, 2016.

Central European Media Enterprises Ltd. is a media and entertainment firm operating in Central and Eastern Europe. The company has market cap of $691.78 million. The Company’s assets are held through a series of Dutch and Curacao holding companies. It currently has negative earnings. The Firm manages its business on a geographical basis, with six divisions: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.

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