In this paper we bring into attention variable coefficient cubic-quintic nonlinear Schrödinger equations which admit Lie symmetry algebras of dimension four. Within this family, we obtain the reductions of canonical equations of nonequivalent classes to ordinary differential equations using tools of Lie theory. Painlevé integrability of these reduced equations is investigated. Exact solutions through truncated Painlevé expansions are achieved in some cases. One of these solutions, a conformal-group invariant one, exhibits blow-up behaviour in finite time in L p , L ∞ norm and in distributional sense. they can admit. We would like to mention main results of this paper. We showed that the symmetry algebra L of Eq. (1.1) (equivalently, of Eq. (1.2)) is at most six-dimensional, that is, 1 ≤ dim L ≤ 6. The following results concern the canonical equation (1.1), therefore they actually stand for the (in look) more general family (1.2). R1. Any CQNLS equation within class (1.1) having a 6-dimensional symmetry algebra is equivalent to the quintic constant-coefficient equation with q = q 1 + iq 2 , g = h = 0.R2. Any CQNLS equation within class (1.1) having a 5-dimensional symmetry algebra is equivalent to the cubic constant-coefficient equation with g = g 1 + ig 2 , q = h = 0.R3. The symmetry algebra of the genuine (g and q not both zero) variable coefficient CQNLS equation can be at most 4-dimensional. There are precisely four inequivalent classes of equations in this case.R4. None of these classes can be transformed to the standard constant-coefficient cubic-quintic equation with g = g 1 + ig 2 , q = q 1 + iq 2 , h = 0.