Should Investors Be Buying CTS EVENTIM (ETR:EVD) Shares? Oddo Seydler Bank AG Has Just Upgraded The Stock

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CTS EVENTIM (ETR:EVD) Stock Upgrade

Frankfurt-listed CTS EVENTIM (ETR:EVD), was hiked by professional analysts at Oddo Seydler Bank AG today. Oddo Seydler Bank AG hiked its rating on the 3.31 billion EUR market capitalized company to a Buy, and decided to leave its target PPS of EUR 40.00 on EVD shares.

From a total of 8 analysts covering CTS EVENTIM (ETR:EVD) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is €46 while the lowest target price is €31. The mean of all analyst targets is €36.29 with a 6.89% above today’s (€33.95) stock price. CTS EVENTIM was the topic of 13 analyst reports since August 19, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on December 1 with “Neutral” rating. Warburg Research maintained shares with “Hold” rating and €33 target share price in a report from a September 25. Landesbank maintained EVD stock in a recent report from November 27 with “Hold” rating. Bankhaus Lampe maintained the rating on August 28. Bankhaus Lampe has a “Hold” rating and a €31 price target on shares. Finally, Berenberg upgraded the stock to “Buy” rating in a report issued on a November 19.

The stock increased 1.07% or EUR 0.36 on December 10, striking EUR 33.95. Approximately 117,578 shares of stock traded hands. CTS Eventim AG & Co KGaA (ETR:EVD) has risen 6.00% since November 11, 2015 and is uptrending. It has outperformed by 7.93% the S&P500.

 Should Investors Be Buying CTS EVENTIM (ETR:EVD) Shares? Oddo Seydler Bank AG Has Just Upgraded The Stock

CTS Eventim AG & Co KGaA is a Germany firm that operates in the leisure events and cinema ticketing markets. The company has a market cap of 3.31 billion EUR. The Firm operates in two divisions namely Ticketing and Live Entertainment. It has 38.77 P/E ratio. The objects of the Ticketing segment are to promote, sell, broker, distribute, and market tickets for cinema, concert, theater, art, sports and other events in Germany and abroad, using data processing and data transmission technologies.

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