Entravision Communication (NYSE:EVC) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Entravision Communication (NYSE:EVC) from a buy rating to a hold rating in a research report report published on Monday, Zacks.com reports.

According to Zacks, “Entravision is a diversified media company utilizing a combination of television, radio, outdoor and publishing operations to reach Hispanic consumers in the United States. The company is the largest Univision-affiliated television group in the United States. It owns Univision-affiliated stations in 17 of the top 50 Hispanic markets in the United States. Also, the company operates the largest centrally programmed Spanish-language radio network. The company produces seven formats to appeal to the diverse musical tastes of the listeners. “

A number of other analysts have also recently weighed in on the stock. Noble Financial set a $6.00 price objective on shares of Entravision Communication and gave the stock a buy rating in a report on Wednesday, August 7th. ValuEngine raised shares of Entravision Communication from a sell rating to a hold rating in a report on Wednesday, October 2nd.

Shares of NYSE:EVC traded up $0.04 on Monday, reaching $2.68. 2,072 shares of the company’s stock were exchanged, compared to its average volume of 262,496. The firm has a market capitalization of $217.52 million, a price-to-earnings ratio of 20.85 and a beta of 1.22. Entravision Communication has a fifty-two week low of $2.41 and a fifty-two week high of $5.42. The business’s 50-day moving average is $3.00 and its two-hundred day moving average is $3.04. The company has a quick ratio of 4.13, a current ratio of 4.13 and a debt-to-equity ratio of 0.92.

Entravision Communication (NYSE:EVC) last issued its earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. Entravision Communication had a negative net margin of 1.97% and a positive return on equity of 4.59%. The company had revenue of $69.24 million for the quarter. Analysts predict that Entravision Communication will post 0.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.05 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.46%. Entravision Communication’s dividend payout ratio (DPR) is presently 153.85%.

Hedge funds have recently added to or reduced their stakes in the stock. Paloma Partners Management Co acquired a new stake in shares of Entravision Communication in the 2nd quarter worth about $40,000. Jane Street Group LLC bought a new position in Entravision Communication in the 2nd quarter valued at about $52,000. Metropolitan Life Insurance Co NY bought a new position in Entravision Communication in the 1st quarter valued at about $60,000. WINTON GROUP Ltd bought a new position in Entravision Communication in the 2nd quarter valued at about $64,000. Finally, Susquehanna International Group LLP bought a new position in Entravision Communication in the 2nd quarter valued at about $74,000. 58.31% of the stock is currently owned by institutional investors and hedge funds.

Entravision Communication Company Profile

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms primarily in the United States, Spain, Mexico, Argentina, and other Latin America countries. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

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