Zacks Investment Research lowered shares of Entravision Communication (NYSE:EVC) from a hold rating to a sell rating in a research report sent to investors on Monday.
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. “
Separately, Noble Financial reaffirmed a buy rating on shares of Entravision Communication in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $7.00.
Entravision Communication (EVC) opened at $7.20 on Monday. Entravision Communication has a one year low of $4.90 and a one year high of $7.90. The company has a market capitalization of $634.52, a price-to-earnings ratio of 3.87 and a beta of 1.64. The company has a current ratio of 6.93, a quick ratio of 6.93 and a debt-to-equity ratio of 0.83.
Entravision Communication (NYSE:EVC) last released its earnings results on Thursday, November 2nd. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $1.69. Entravision Communication had a return on equity of 75.49% and a net margin of 31.96%. The firm had revenue of $70.60 million during the quarter, compared to analysts’ expectations of $70.43 million. During the same period in the previous year, the firm posted $0.06 EPS. Entravision Communication’s revenue for the quarter was up 8.1% on a year-over-year basis. analysts anticipate that Entravision Communication will post 0.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, December 14th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, December 13th. Entravision Communication’s dividend payout ratio (DPR) is 10.75%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. OxFORD Asset Management LLP lifted its holdings in Entravision Communication by 188.8% during the 3rd quarter. OxFORD Asset Management LLP now owns 472,537 shares of the company’s stock worth $2,717,000 after buying an additional 308,928 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Entravision Communication by 5.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,271,338 shares of the company’s stock valued at $18,647,000 after purchasing an additional 171,853 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Entravision Communication by 6.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 257,446 shares of the company’s stock valued at $1,468,000 after purchasing an additional 14,885 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Entravision Communication by 23.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 732,613 shares of the company’s stock valued at $4,176,000 after purchasing an additional 138,438 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Entravision Communication by 19.9% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,806,040 shares of the company’s stock valued at $10,294,000 after purchasing an additional 299,936 shares during the last quarter. 59.59% of the stock is owned by institutional investors.
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About Entravision Communication
Entravision Communications Corporation is a media company. The Company reaches and engages Hispanics in the United States and certain border markets of Mexico across media channels and advertising platforms. The Company operates through three segments: television broadcasting, radio broadcasting and digital media.
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