Entravision Communications (NYSE:EVC) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Entravision Communications (NYSE:EVC) from a sell rating to a hold rating in a research report released on Saturday morning.

Entravision Communications Trading Up 3.8 %

Shares of EVC stock opened at $2.16 on Friday. The company has a market cap of $193.36 million, a PE ratio of -2.88 and a beta of 0.99. Entravision Communications has a 1 year low of $1.33 and a 1 year high of $4.91. The stock’s 50 day simple moving average is $2.06 and its two-hundred day simple moving average is $2.56. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.38 and a quick ratio of 1.38.

Entravision Communications Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.05 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.20 dividend on an annualized basis and a yield of 9.26%. Entravision Communications’s dividend payout ratio is presently -26.67%.

Institutional Investors Weigh In On Entravision Communications

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Entravision Communications by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 3,226,137 shares of the company’s stock worth $5,291,000 after purchasing an additional 266,642 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Entravision Communications by 68.0% during the first quarter. Gamco Investors INC. ET AL now owns 436,000 shares of the company’s stock valued at $715,000 after buying an additional 176,500 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Entravision Communications by 8.2% in the first quarter. Empowered Funds LLC now owns 367,110 shares of the company’s stock worth $602,000 after buying an additional 27,792 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Entravision Communications by 14.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 55,691 shares of the company’s stock worth $232,000 after acquiring an additional 6,890 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Entravision Communications during the 4th quarter valued at $187,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

Entravision Communications Company Profile

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.