Goldman Sachs upgraded its rating on shares of CTC Media Inc. (CTCM: Quote) Monday morning to “Buy” from “Neutral.”
CTC Media gapped open higher Monday and climbed during the first half hour of trade. The stock has taken out the highs of the morning in the last few minutes and is now up 0.46 at $8.57 and has set a 1-month high. CTC Media has also re-crossed its 50-day moving average.
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by RTT Staff Writer
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