CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY) Shares Climb 2.1% – Here’s What Happened

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMY)’s stock price was up 2.1% during mid-day trading on Tuesday. The company traded as high as $17.76 and last traded at $17.41. Approximately 8,752 shares traded hands during trading, an increase of 504% from the average session volume of 1,449 shares. The stock had previously closed at $17.06.

Wall Street Analyst Weigh In

CEVMY has been the topic of several recent analyst reports. The Goldman Sachs Group began coverage on CTS Eventim AG & Co. KGaA in a research note on Tuesday, October 13th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CTS Eventim AG & Co. KGaA in a research report on Monday, August 24th. Finally, Citigroup initiated coverage on CTS Eventim AG & Co. KGaA in a report on Tuesday. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

CTS Eventim AG & Co. KGaA Stock Performance

The firm’s fifty day simple moving average is $16.24 and its 200-day simple moving average is $15.93.

About CTS Eventim AG & Co. KGaA

CTS Eventim AG & Co KGaA is a Germany-based live entertainment and ticketing company. Through its ticketing operations, the company sells tickets through online and mobile platforms, booking systems, call centers and physical box offices. Its services support consumers, event organizers, promoters and venues, covering activities such as ticket distribution, event marketing, customer management and related digital solutions.

The company’s live entertainment business promotes and organizes concerts, tours, festivals and other cultural or sporting events.