Zacks Investment Research cut shares of Entravision Communication (NYSE:EVC) from a hold rating to a sell rating in a research report released on Friday morning, Zacks.com reports.

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 brokerages have also commented on EVC. TheStreet lowered Entravision Communication from a c- rating to a d rating in a research report on Friday, May 8th. ValuEngine raised Entravision Communication from a hold rating to a buy rating in a research report on Wednesday, June 3rd.

EVC stock opened at $1.37 on Friday. The stock has a 50-day moving average price of $1.59 and a 200-day moving average price of $1.93. Entravision Communication has a 1-year low of $1.10 and a 1-year high of $3.50. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 1.01. The firm has a market cap of $115.56 million, a PE ratio of -2.08 and a beta of 0.35.

Entravision Communication (NYSE:EVC) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.05 earnings per share for the quarter. Entravision Communication had a positive return on equity of 2.18% and a negative net margin of 20.77%. The firm had revenue of $64.25 million during the quarter. On average, analysts forecast that Entravision Communication will post -0.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date is Friday, June 12th. Entravision Communication’s payout ratio is 66.67%.

Institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new position in Entravision Communication during the 1st quarter valued at about $28,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Entravision Communication during the 1st quarter valued at about $31,000. Spark Investment Management LLC acquired a new position in Entravision Communication during the 4th quarter valued at about $36,000. Zebra Capital Management LLC acquired a new position in Entravision Communication during the 4th quarter valued at about $43,000. Finally, SG Americas Securities LLC boosted its stake in Entravision Communication by 87.9% during the 1st quarter. SG Americas Securities LLC now owns 22,738 shares of the company’s stock valued at $46,000 after purchasing an additional 10,638 shares during the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.

About Entravision Communication

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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