Entravision Communication (EVC) Lifted to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of Entravision Communication (NYSE:EVC) from a sell rating to a buy rating in a research report released on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $3.50 price target on the stock.

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 issued reports on EVC. Noble Financial reaffirmed a buy rating and issued a $6.00 price objective on shares of Entravision Communication in a research report on Sunday, May 19th. ValuEngine raised Entravision Communication from a sell rating to a hold rating in a research report on Monday, February 4th.

EVC opened at $3.20 on Tuesday. Entravision Communication has a 12-month low of $2.56 and a 12-month high of $5.68. The company has a market capitalization of $272.48 million, a PE ratio of 24.62 and a beta of 1.31. The company has a quick ratio of 4.35, a current ratio of 4.35 and a debt-to-equity ratio of 0.86.

Entravision Communication (NYSE:EVC) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.05. Entravision Communication had a return on equity of 3.82% and a net margin of 5.21%. The company had revenue of $64.68 million during the quarter. As a group, equities research analysts anticipate that Entravision Communication will post 0.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.25%. Entravision Communication’s payout ratio is 153.85%.

In other Entravision Communication news, Director Gilbert R. Vasquez acquired 100,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $3.07 per share, with a total value of $307,000.00. Following the completion of the transaction, the director now directly owns 415,169 shares in the company, valued at approximately $1,274,568.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 22.38% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Group One Trading L.P. lifted its holdings in Entravision Communication by 206.6% during the 1st quarter. Group One Trading L.P. now owns 8,220 shares of the company’s stock worth $27,000 after purchasing an additional 15,929 shares during the last quarter. Prudential Financial Inc. acquired a new stake in Entravision Communication during the 4th quarter worth approximately $32,000. Legal & General Group Plc lifted its holdings in Entravision Communication by 27.4% during the 4th quarter. Legal & General Group Plc now owns 12,184 shares of the company’s stock worth $36,000 after purchasing an additional 2,618 shares during the last quarter. Penn Capital Management Co. Inc. acquired a new stake in Entravision Communication during the 4th quarter worth approximately $37,000. Finally, PEAK6 Investments LLC acquired a new stake in Entravision Communication during the 4th quarter worth approximately $44,000. 56.99% of the stock is 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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