NEW YORK ( TheStreet) -- Central European Media (Nasdaq: CETV) is trading at unusually high volume Friday with 2.2 million shares changing hands. It is currently at eight times its average daily volume and trading down 60 cents (-3%) at $19.16 as of four p.m. ET.

Central European Media has a market cap of $1.1 billion and is part of the services sector and media industry. Shares are down 2.9% year to date as of the close of trading on Thursday.

Central European Media Enterprises Ltd. (CME) operates as a vertically integrated media company operating broadcast, content, and new media businesses in central and eastern European countries.

TheStreet Ratings rates Central European Media as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and generally weak debt management. You can view the full Central European Media Ratings Report.

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