Central European Media Reports Growth, But Remains Weak

By Benzinga Staff
July 28, 2010 8:20 AM

Symbols: CETV

Tags: Central European Media Enterprises, JP Morgan

Posted in: Analyst Color, Earnings, Markets, Analyst Ratings

Central European Media Enterprises Ltd. (NASDAQ: CETV) showed in its 2Q report that Croatia, Slovenia, Bulgaria, and the Czech Republic all posted positive growth, between 6-12%. While Romania and the Slovak Republic reported drops of 4% and 5%, respectively, smaller losses than in the 1Q, according to JP Morgan.

JPM maintains its "neutral" rating and expects single digit growth through 2011.

Central European Media Enterprises, Ltd. closed yesterday at $22.21.

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Central European Media Reports Growth, But Remains Weak

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