CTS EVENTIM (ETR:EVD) Falls into Favor With Commerzbank AG As They Decide to Upgrade Shares



Commerzbank AG has just given CTS EVENTIM (ETR:EVD) shares an updated “Buy” rating in a recent report distributed to Clients on Friday morning. The financial firm now has a respectable EUR 44.00 target price per share on the stock. The target announced by Commerzbank AG is 30.18% from EVD’s current share price.

From a total of 7 analysts covering CTS EVENTIM (ETR:EVD) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 43% 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 €35.33 with a 4.40% above today’s (€33.84) stock price. CTS EVENTIM was the topic of 9 analyst reports since August 19, 2015 according to the firm StockzIntelligence Inc. Berenberg upgraded shares on November 19 to “Buy” rating. Equinet maintained shares with “Neutral” rating and €33 target share price in a report from an August 25. Landesbank maintained EVD stock in a recent report from September 8 with “Hold” rating. Commerzbank upgraded the rating on August 19. Commerzbank has a “Buy” rating and a €38 price target on shares. Finally, DZ-Bank AG upgraded the stock to “Buy” rating in a report issued on an August 27.

The stock increased 0.09% or EUR 0.03 on November 26, striking EUR 33.84. Approximately 112,770 shares of stock traded hands or 14.61% up from the average. CTS Eventim AG & Co KGaA (ETR:EVD) has risen 6.00% since October 28, 2015 and is uptrending. It has outperformed by 7.36% the S&P500.

 CTS EVENTIM (ETR:EVD) Falls into Favor With Commerzbank AG As They Decide to Upgrade Shares

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 3.22 billion EUR. The Firm operates in two divisions namely Ticketing and Live Entertainment. It has 39.18 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.