Is Central European Media Enterprises Ltd. (CETV)’s Fuel Running High? The Stock Formed Double Top Pattern

June 14, 2017 - By Adrian Erickson

Investors sentiment increased to 2 in 2016 Q4. Its up 1.08, from 0.92 in 2016Q3. It is positive, as 3 investors sold Central European Media Enterprises Ltd. shares while 16 reduced holdings. 12 funds opened positions while 26 raised stakes. 39.64 million shares or 7.53% more from 36.86 million shares in 2016Q3 were reported.
D E Shaw Incorporated holds 0% or 53,244 shares. Royal Bankshares Of Canada owns 11,644 shares. Ancora Advisors Ltd Llc reported 1,891 shares. Schwab Charles Mngmt holds 0% or 268,243 shares. Parametric Associates Limited Co invested in 0% or 53,407 shares. Bancshares Of Ny Mellon reported 312,068 shares. Price T Rowe Assocs Inc Md stated it has 0% of its portfolio in Central European Media Enterprises Ltd. (NASDAQ:CETV). State Common Retirement Fund stated it has 0% of its portfolio in Central European Media Enterprises Ltd. (NASDAQ:CETV). Fmr Ltd stated it has 306,912 shares. 76,986 are held by Citigroup. Bhr Cap Limited Liability accumulated 6.54% or 1.25 million shares. Millennium Mngmt Ltd Liability Co reported 10,800 shares. Principal Financial Group holds 0% or 15,069 shares. Metropolitan Life Insur New York holds 0% or 47,756 shares. Moreover, State Street has 0% invested in Central European Media Enterprises Ltd. (NASDAQ:CETV) for 1.18M shares.

Since March 7, 2017, it had 0 insider purchases, and 2 sales for $83,278 activity. 17,200 shares were sold by Penn Daniel, worth $52,271.

The chart of Central European Media Enterprises Ltd. (CETV) shows a double top with $4.64 target or 8.00 % above today’s $4.30 share price. The 9 months chart pattern indicates low risk for the $628.61 million company. It was reported on Jun, 14 by Finviz.com. If the $4.64 price target is reached, the company will be worth $50.29 million more. Double tops are rare but powerful chart patterns.

The stock increased 3.61% or $0.15 during the last trading session, reaching $4.3. About shares traded. Central European Media Enterprises Ltd. (NASDAQ:CETV) has risen 73.16% since June 14, 2016 and is uptrending. It has outperformed by 56.46% the S&P500.

Analysts expect Central European Media Enterprises Ltd. (NASDAQ:CETV) to report $0.06 EPS on July, 25.They anticipate $0.03 EPS change or 100.00 % from last quarter’s $0.03 EPS. CETV’s profit would be $8.77 million giving it 17.92 P/E if the $0.06 EPS is correct. After having $-0.09 EPS previously, Central European Media Enterprises Ltd.’s analysts see -166.67 % EPS growth.

More notable recent Central European Media Enterprises Ltd. (NASDAQ:CETV) news were published by: Reuters.com which released: “BRIEF-TCS Capital Management urges Central European Media Enterprises to hire …” on January 17, 2017, also Seekingalpha.com with their article: “Acquisition And Following Debt Restructuring Mean Upside Potential For Central …” published on October 19, 2016, Fool.com published: “Why Central European Media Enterprises Ltd. Jumped 22% Today” on April 26, 2017. More interesting news about Central European Media Enterprises Ltd. (NASDAQ:CETV) were released by: Streetinsider.com and their article: “S&P Downgrades Central European Media Enterprises (CETV) to ‘B’, Outlook to …” published on June 30, 2015 as well as Seekingalpha.com‘s news article titled: “Central European Media’s Newest Activist” with publication date: December 02, 2015.

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