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News

CTC Media Receives $4.54 Average Price Target from Brokerages (NASDAQ:CTCM)

Shares of CTC Media (NASDAQ:CTCM) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the company, Analyst Ratings.Net reports. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $4.54.

CTC Media (NASDAQ:CTCM) traded down 1.16% on Monday, reaching $1.71. 537,790 shares of the company were exchanged. The stock has a market capitalization of $266.94 million and a price-to-earnings ratio of 4.28. CTC Media has a 52 week low of $1.67 and a 52 week high of $9.81. The stock has a 50-day moving average price of $1.88 and a 200 day moving average price of $3.23.

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CTC Media (NASDAQ:CTCM) last posted its earnings results on Friday, August 7th. The company reported $0.17 earnings per share for the quarter. The business had revenue of $184.30 million for the quarter, compared to analysts’ expectations of $92.30 million. Analysts forecast that CTC Media will post $0.36 earnings per share for the current year.

CTCM has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $3.70 target price (down from $3.75) on shares of CTC Media in a research report on Saturday, May 9th. Zacks cut shares of CTC Media from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Finally, Deutsche Bank cut shares of CTC Media from a “buy” rating to a “hold” rating and reduced their target price for the stock from $5.30 to $2.20 in a research report on Wednesday, July 22nd.

Special: Having One of These Credit Cards Means You Have Excellent Credit
CTC Media, Inc. (NASDAQ:CTCM) is a Russia-based independent media company. The Company manages four television channels in Russia (CTC, Domashny, Peretz and CTC Love) as well as Channel 31 in Kazakhstan and a TV company in Moldova with combined audience over 150 million viewers. CTC channel’s target audience is 10-45 year-old viewers. CTC channel manages 60 owned-and-operated stations and repeater transmitters. Domashny channel focuses on 25-59 year-old female viewers. Domashny channel manages 52 owned-and-operated stations and repeater transmitters. Peretz channel focuses on 25-49 year-old viewers. Peretz channel manages 60 owned-and-operated stations and repeater transmitters. CTC Love is a Russian television channel that targets the 11-34 year-old audience through cable and satellite in 141 cities in Russia.