Renaissance Capital Upgrades CTC Media To Hold

Analysts at Renaissance Capital upgraded CTC Media CTCM from Sell to Hold. The price target for CTC Media has been lowered from $9.40 to $7.80. CTC Media shares have dropped 52.03% over the past 52 weeks, while the S&P 500 index has surged 9.99% in the same period. CTC Media's shares declined 2.58% to close at $6.03 yesterday.