Entravision Communications (NYSE:EVC) Upgraded at StockNews.com

StockNews.com upgraded shares of Entravision Communications (NYSE:EVCGet Rating) from a hold rating to a buy rating in a research note released on Wednesday morning.

Several other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Entravision Communications from a buy rating to a hold rating in a report on Wednesday, January 5th. TheStreet downgraded shares of Entravision Communications from a b- rating to a c+ rating in a report on Monday, April 25th.

Shares of NYSE EVC opened at $5.29 on Wednesday. The company has a market capitalization of $458.54 million, a P/E ratio of 16.03 and a beta of 0.82. Entravision Communications has a 52-week low of $3.74 and a 52-week high of $9.34. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82. The company’s 50 day moving average price is $6.00 and its 200-day moving average price is $6.62.

Entravision Communications (NYSE:EVCGet Rating) last issued its quarterly earnings results on Thursday, March 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.05). The firm had revenue of $233.89 million during the quarter, compared to analyst estimates of $226.10 million. Entravision Communications had a return on equity of 13.92% and a net margin of 3.85%. During the same quarter last year, the firm posted $0.24 EPS.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Wednesday, March 16th were paid a $0.025 dividend. The ex-dividend date was Tuesday, March 15th. This represents a $0.10 annualized dividend and a dividend yield of 1.89%. Entravision Communications’s payout ratio is 30.30%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in shares of Entravision Communications in the 4th quarter worth $27,000. Meeder Asset Management Inc. grew its stake in shares of Entravision Communications by 90.4% in the 3rd 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. bought a new position in Entravision Communications during the fourth quarter valued at about $41,000. Citigroup Inc. grew its position in Entravision Communications by 66.2% during the third quarter. Citigroup Inc. now owns 6,846 shares of the company’s stock valued at $49,000 after buying an additional 2,726 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in Entravision Communications during the third quarter valued at about $53,000. Hedge funds and other institutional investors own 57.01% of the company’s stock.

About Entravision Communications (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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