CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Shares Up 7.4% – Here’s What Happened

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY)’s share price traded up 7.4% on Friday . The company traded as high as $16.5650 and last traded at $16.5650. Approximately 871 shares changed hands during trading, a decline of 50% from the average session volume of 1,731 shares. The stock had previously closed at $15.42.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

CTS Eventim AG & Co. KGaA Stock Performance

The business’s 50 day simple moving average is $15.49 and its 200-day simple moving average is $17.13.

CTS Eventim AG & Co. KGaA Company Profile

CTS Eventim AG & Co KGaA is a leading European provider of ticketing services and live entertainment. The company operates a range of online and on-site ticket sales channels, offering end-to-end solutions for event organizers, promoters and venues. Through its proprietary Eventim platform, CTS Eventim manages ticket distribution via websites, mobile apps, call centers and box offices, handling millions of transactions annually.

In addition to its core ticketing activities, CTS Eventim is active in live event promotion and venue management.