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Equity Research

The information that you are about to access is third-party information. We have had no involvement in the preparation of this third-party information. Any opinions, estimates or forecasts regarding CME's performance made by these third-parties are theirs alone and do not represent opinions, forecasts or predictions of CME or its management and in no way do we adopt or endorse the content of such information. While we endeavor to assist investors by providing access to all research analyst reports available to us, there may be instances where we do not obtain permission to reproduce a report and/or we do not become aware of a report in a timely manner.

  Date Company Language
ATLANTIK finanční trhy
The following reports have been prepared by Atlantik finanční trhy and are reproduced here with their permission. All information in these reports is provided by and is copyright of ATLANTIK finanční trhy, a.s. Any opinions are those of ATLANTIK finanční trhy and should not be read as a forecast or as an opinion of the management or board of Central European Media Enterprises Ltd. Queries on these reports should be addressed to ATLANTIK finanční trhy.
2Q 2010 Earnings Estimate
(PDF; 412KB)
July 20, 2010 ATLANTIK finanční trhy EN
1Q 2010 results fell behind expectations
(PDF; 811KB)
May 17, 2010 ATLANTIK finanční trhy EN
Close to bottom, waiting for growth.pdf
(PDF; 1 010KB)
April 19, 2010 ATLANTIK finanční trhy EN
4Q09 Earnings estimate.pdf
(PDF; 207KB)
February 12, 2010 ATLANTIK finanční trhy EN
Bank of America Merrill Lynch
Bank of America Merrill Lynch also cover CME and have issued reports on January 20, March 19 and April 07, July 6, July 28, 2010. We have not been able to obtain permission to reproduce their reports.
Citigroup
Citigroup also cover CME and have issued reports on January 20, February 8, February 18, March 8, May 4, April 20, May 5, May 6, August 6, 2010. We have not been able to obtain permission to reproduce their reports. Citigroup can be contacted via Dmitry.zhuk@citi.com.
Deutsche Bank
Deutsche Bank cover CME. We have not been able to obtain permission to reproduce their reports.
Erste Bank
Erste Bank cover CME and have issued a report on June 14, July 26, 2010. We have not been able to obtain permission to reproduce this report. Erste Bank can be contacted via vkminek@csas.cz , tel: + 420 224 995 289.
Goldman Sachs
Goldman Sachs cover CME and have issued reports on March 3 and April 15, 2010. We have not been able to obtain permission to reproduce their reports.
ING
The following reports have been prepared by ING Financial Markets and are reproduced here with their permission. All information in these reports is provided by and is copyright of ING Financial Markets. Any opinions are those of ING Financial Markets and should not be read as a forecast or as an opinion of the management or board of Central European Media Enterprises Ltd. Queries on these reports should be addressed to ING Financial Markets.
Janco Partners
The following reports have been prepared by Janco Partners and are reproduced here with their permission. All information in these reports is provided by and is copyright of Janco Partners. Any opinions are those of Janco Partners and should not be read as a forecast or as an opinion of the management or board of Central European Media Enterprises Ltd. Queries on these reports should be addressed to Janco Partners.
4Q09 Review.pdf
(PDF; 210KB)
March 03, 2010 Janco Partners EN
JP Morgan
The following reports have been prepared by JP Morgan and are reproduced here with their permission. All information in these reports is provided by and is copyright of JP Morgan Chase & Co. Any opinions are those of JP Morgan and should not be read as a forecast or as an opinion of the management or board of Central European Media Enterprises Ltd. Queries on these reports should be addressed to JP Morgan.
2Q10 results above Bloomberg consensus, but operating results remain weak - ALERT
(PDF; 185KB)
July 28, 2010 JP Morgan EN
Weak operating performance in Broadcast segment; Guidance for TV ad market recovery in 2H10 - ALERT.pdf
(PDF; 186KB)
May 05, 2010 JP Morgan EN
4Q09 results ahead of consensus, but disappointing performance in Romania; Guidance for TV ad market recovery in 2H10 - ALERT.pdf
(PDF; 190KB)
February 24, 2010 JP Morgan EN
Selling out of Ukraine for us $300mn a strong near term positive-alert.pdf
(PDF; 116KB)
January 19, 2010 JP Morgan EN
Komerční banka
The following reports have been prepared by Komercni banka and are reproduced here with their permission. All information in these reports is provided by and is copyright of Komercni banka, a.s. Any opinions are those of Komercni banka and should not be read as a forecast or as an opinion of the management or board of Central European Media Enterprises Ltd. Queries on these reports should be addressed to Komercni banka.
Q210 results: Mildly above consensus but full-year guidance was slashed, as we expected
(PDF; 105KB)
July 28, 2010 Komerční banka EN
Q1 10 results: A strong deterioration of operating profitability.pdf
(PDF; 105KB)
May 05, 2010 Komerční banka EN
Stronger after the asset swap: We upgrade to Hold.dpf
(PDF; 278KB)
March 04, 2010 Komerční banka EN
KBC Securities
The following reports have been prepared by KBC Securities and are reproduced here with their permission. All information in these reports is provided by and is copyright of KBC Securities Finance, a.s. Any opinions are those of KBC Securities and should not be read as a forecast or as an opinion of the management or board of Central European Media Enterprises Ltd. Queries on these reports should be addressed to Patria.
Morgan Joseph
The following reports have been prepared by Morgan Joseph and are reproduced here with their permission. All information in these reports is provided by and is copyright of Morgan Joseph & Co. Inc. Any opinions are those of Morgan Joseph and should not be read as a forecast or as an opinion of the management or board of Central European Media Enterprises Ltd. Queries on these reports should be addressed to Morgan Joseph.
Still Tough Sledding
(PDF; 242KB)
June 21, 2010 Morgan Joseph EN
Another Difficult Quarter; Still Looking for 2H Rebound; Hold.pdf
(PDF; 247KB)
May 06, 2010 Morgan Joseph EN
bTV purchase; Swapping Uncertainty of Ukraine for Leadership in Bulgaria.pdf
(PDF; 228KB)
February 18, 2010 Morgan Joseph EN
Nomura
Nomura cover CME. We have not been able to obtain permission to reproduce their reports.
Renaissance Capital
Renaissance Capital cover CME.We have not been able to obtain permission to reproduce their reports. Renaissance Capital can be contacted via DFerguson@rencap.com.
Stifel, Nicolaus & Company, Inc.
Stifel, Nicolaus & Company, Inc. cover CME and published a report on July 12, July 28, 2010. We have not been able to obtain permission to reproduce their reports.
Unicredit Research
Unicredit Research cover CME and published a report on April 19, 2010. We have not been able to obtain permission to reproduce their reports. Unicredit Research can be contacted via UnicreditResearchDistribution@caib.unicreditgroup.eu
Wood & Company
The following report has been prepared by Wood & Company and is reproduced here with their permission. All information in this report is provided by and is copyright of Wood & Company Financial Services, a.s. Any opinions are those of Wood & Company and should not be read as a forecast or as an opinion of the management or board of Central European Media Enterprises Ltd. Queries on these reports should be addressed to Wood & Company.