Entravision Communications (NYSE:EVC) Stock Rating Lowered by StockNews.com

Entravision Communications (NYSE:EVC – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, Zacks Investment Research lowered shares of Entravision Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, January 5th.

NYSE EVC traded down $0.24 during trading hours on Tuesday, hitting $5.11. The company had a trading volume of 338,547 shares, compared to its average volume of 397,233. Entravision Communications has a fifty-two week low of $3.71 and a fifty-two week high of $9.34. The company has a market capitalization of $442.91 million, a price-to-earnings ratio of 15.48 and a beta of 0.71. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.82 and a quick ratio of 1.82. The firm’s 50 day moving average is $6.11 and its 200 day moving average is $6.71.

Entravision Communications (NYSE:EVC – Get Rating) last issued its quarterly earnings results on Thursday, March 3rd. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05). Entravision Communications had a return on equity of 13.92% and a net margin of 3.85%. The company had revenue of $233.89 million for the quarter, compared to the consensus estimate of $226.10 million. During the same period in the previous year, the business posted $0.24 EPS.

Large investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of Entravision Communications during the fourth quarter worth approximately $27,000. Meeder Asset Management Inc. increased its position in shares of Entravision Communications by 90.4% during the third quarter. Meeder Asset Management Inc. now owns 5,028 shares of the company’s stock worth $37,000 after acquiring an additional 2,387 shares in the last quarter. HM Payson & Co. acquired a new position in Entravision Communications during the fourth quarter worth $41,000. Citigroup Inc. boosted its holdings in Entravision Communications by 66.2% during the third quarter. Citigroup Inc. now owns 6,846 shares of the company’s stock worth $49,000 after purchasing an additional 2,726 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Entravision Communications in the third quarter valued at $53,000. Institutional investors own 57.86% of the company’s stock.

Entravision Communications Company Profile (Get Rating)

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

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