Zacks Investment Research downgraded shares of CHARM COMM-ADR (CHRM) from NEUTRAL to UNDERPERFORM on October 16, 2013, with a target price of $4.10.
Charm Communications Inc. operates as a domestic television advertising agency in China. The Company offers integrated advertising agency services from planning and managing advertising campaigns to creating and placing advertisements. It places advertisements on a broad array of television channels, including CCTV and satellite and regional television channels and, on a smaller scale, on other media platforms, including Internet and out-of-home media. Under its media investment management business, the Company, through a series of agency arrangements, secures all or a portion of the advertising time and other advertising rights, which includes soft advertising, such as sponsorship, on a television channel or television program and sell such advertising media resources. Charm's clients include China Telecom, PICC, Agricultural Bank of China, China CITIC Bank, Snowbeer, Yunnan Baiyao, C-Bons, Wahaha and Midea etc. Charm Communications Inc. is headquartered in Beijing, the People's Repub
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