CTC Media, Inc. (NASDAQ:CTCM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday, AnalystRatings.NET reports.

According to Zacks, “CTC Media Inc. is one of the largest commercial television broadcasters in Russia offering entertainment programming. It operates two free-to-air Russian television networks, CTC and Domashny, and a number of owned-and-operated regional television stations across Russia, which broadcast CTC and Domashny programming. “

Separately, JPMorgan Chase & Co. decreased their target price on CTC Media from $3.70 to $1.98 in a research note on Wednesday, October 28th.

A hedge fund recently raised its stake in CTC Media stock. Hosking Partners LLP boosted its position in shares of CTC Media, Inc. (NASDAQ:CTCM) by 0.5% during the fourth quarter, according to its most recent disclosure with the SEC. The hedge fund owned 149,397 shares of the company’s stock after buying an additional 815 shares during the period. Hosking Partners LLP owned 0.10% of CTC Media worth $276,000 as of its most recent SEC filing.

Shares of CTC Media (NASDAQ:CTCM) opened at 1.91 on Friday. The company has a market cap of $298.16 million and a PE ratio of 3.92. The company has a 50-day moving average price of $1.84 and a 200-day moving average price of $1.82. CTC Media has a 1-year low of $1.56 and a 1-year high of $4.73.

CTC Media (NASDAQ:CTCM) last released its earnings results on Monday, November 9th. The company reported $0.28 EPS for the quarter. The business had revenue of $77.20 million for the quarter, compared to analyst estimates of $92.28 million. Equities research analysts expect that CTC Media will post $0.29 earnings per share for the current fiscal year.

CTC Media, Inc. is an independent media company. The Company operates three Russian free-to-air television channels and one Kazakh channel. The Company’s segments include CTC channel, Domashny channel, Peretz channel and Channel 31. The Company’s CTC channel offers entertainment programming for the whole family and targets 10-45 year-old viewers. Its Domashny channel targets 25-59 year-old female viewers and focused on women’s lifestyle content. The Company’s Peretz channel targets 25-49 year-old viewers and focused on edgy, thrilling and action content. The Company’s Channel 31 is a Kazakh television broadcaster targeted at 6-54 year-old viewers. The Company also operates a fourth Russian television channel CTC Love, which is focused on love and relationships and targeting the 11-34 year-old audience.

12 Month Chart for NASDAQ:CTCM

Get a free copy of the Zacks research report on CTC Media (CTCM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CTC Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CTC Media Inc. and related companies with MarketBeat.com's FREE daily email newsletter.