CTC Media downgraded to Hold at Deutsche Bank

CTC Media (CTCM -0.3%) catches a downgrade from Deutsche Bank to Hold from Buy (PT to $12.90 from $13.20) following the company's Q3 report.

Analyst Igor Semenov cited the stock's 18% run from the start of Q4, the "insufficient upside to our target price, as well as risks of revenue growth slowdown for the near term."

Semenov continued, "the near-term outlook is getting more cloudy ... [W]e expect the TV ad market growth to moderate to mid-single digits in 4Q13."

Analysts are largely on the fence when it comes to the company, with 1 Buy, 5 Holds, and 2 Sells.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs