Zacks Investment Research cut shares of Entravision Communication (NYSE:EVC) from a hold rating to a sell rating in a report published on Tuesday.

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. “

EVC has been the topic of a number of other reports. Noble Financial restated a buy rating on shares of Entravision Communication in a research report on Friday, November 3rd. ValuEngine raised shares of Entravision Communication from a sell rating to a hold rating in a research note on Friday, September 1st. 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. Entravision Communication has a consensus rating of Hold and a consensus price target of $7.00.

Entravision Communication (NYSE EVC) opened at $7.35 on Tuesday. The firm has a market cap of $666.04, a PE ratio of 3.97 and a beta of 1.62. Entravision Communication has a 52-week low of $4.90 and a 52-week high of $7.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.93 and a current ratio of 6.93.

Entravision Communication (NYSE:EVC) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $1.69. The firm had revenue of $70.60 million for the quarter, compared to analyst estimates of $70.43 million. Entravision Communication had a net margin of 31.96% and a return on equity of 75.49%. Entravision Communication’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. analysts anticipate that Entravision Communication will post 0.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 14th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, December 13th. Entravision Communication’s dividend payout ratio (DPR) is presently 10.81%.

A number of hedge funds have recently modified their holdings of EVC. American Century Companies Inc. raised its stake in Entravision Communication by 28.8% during the third quarter. American Century Companies Inc. now owns 6,409,824 shares of the company’s stock worth $36,536,000 after purchasing an additional 1,432,579 shares during the period. OxFORD Asset Management LLP raised its stake in Entravision Communication by 188.8% during the third quarter. OxFORD Asset Management LLP now owns 472,537 shares of the company’s stock worth $2,717,000 after purchasing an additional 308,928 shares during the period. Deprince Race & Zollo Inc. raised its stake 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 acquiring an additional 299,936 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Entravision Communication by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,099,485 shares of the company’s stock valued at $20,457,000 after acquiring an additional 215,270 shares during the period. Finally, Suntrust Banks Inc. purchased a new stake in shares of Entravision Communication in the 2nd quarter valued at approximately $1,298,000. 59.59% of the stock is currently owned by institutional investors.

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Entravision Communication Company Profile

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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