Zacks Investment Research downgraded shares of CTC MEDIA INC (CTCM) from NEUTRAL to UNDERPERFORM on October 09, 2012, with a target price of $9.10.
CTC Media Inc. is one of the largest commercial television broadcasters in Russia offering entertainment programming. It operates two free-to-air Russian television networks, CTC and Domashny, and a number of owned-and-operated regional television stations across Russia, which broadcast CTC and Domashny programming.
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