Noble Financial Reaffirms Buy Rating for Entravision Communication (EVC)

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Noble Financial reaffirmed their buy rating on shares of Entravision Communication (NYSE:EVC) in a report issued on Sunday morning, AnalystRatings.com reports. The brokerage currently has a $6.00 price target on the stock.

EVC has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Entravision Communication from a hold rating to a sell rating in a report on Thursday, May 9th. ValuEngine upgraded shares of Entravision Communication from a sell rating to a hold rating in a report on Monday, February 4th.

Shares of NYSE:EVC opened at $3.01 on Friday. The company has a market capitalization of $257.10 million, a PE ratio of 23.15 and a beta of 1.31. Entravision Communication has a twelve month low of $2.56 and a twelve month high of $5.68. The company has a quick ratio of 5.02, a current ratio of 4.35 and a debt-to-equity ratio of 0.86.

Entravision Communication (NYSE:EVC) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The company had revenue of $64.68 million during the quarter. Entravision Communication had a net margin of 5.21% and a return on equity of 3.82%. Equities analysts forecast that Entravision Communication will post 0.15 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.64%. Entravision Communication’s dividend payout ratio is currently 153.85%.

Several hedge funds have recently added to or reduced their stakes in EVC. Two Sigma Investments LP grew its position in Entravision Communication by 148.6% during the fourth quarter. Two Sigma Investments LP now owns 187,173 shares of the company’s stock valued at $545,000 after purchasing an additional 111,890 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in Entravision Communication in the fourth quarter worth approximately $117,000. JPMorgan Chase & Co. grew its position in Entravision Communication by 6.1% in the third quarter. JPMorgan Chase & Co. now owns 307,669 shares of the company’s stock worth $1,508,000 after acquiring an additional 17,789 shares in the last quarter. NJ State Employees Deferred Compensation Plan grew its position in Entravision Communication by 133.3% in the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 70,000 shares of the company’s stock worth $204,000 after acquiring an additional 40,000 shares in the last quarter. Finally, Capital Impact Advisors LLC grew its position in Entravision Communication by 29.8% in the fourth quarter. Capital Impact Advisors LLC now owns 503,357 shares of the company’s stock worth $1,470,000 after acquiring an additional 115,556 shares in the last quarter. Institutional investors and hedge funds own 56.16% of the company’s stock.

About Entravision Communication

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.

See Also: Compound Annual Growth Rate (CAGR)

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