Entravision Communications Corporation (NYSE:EVC)‘s stock had its “buy” rating reissued by equities research analysts at Noble Financial in a report issued on Thursday, May 11th.
A number of other equities analysts have also commented on the company. Wedbush lowered Entravision Communications Corporation from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $9.00 to $7.00 in a research note on Tuesday, January 17th. Macquarie restated a “neutral” rating and set a $7.00 price objective on shares of Entravision Communications Corporation in a research note on Tuesday, April 18th. Finally, Zacks Investment Research lowered Entravision Communications Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th.
Shares of Entravision Communications Corporation (NYSE:EVC) opened at 6.30 on Thursday. The company has a 50-day moving average price of $5.85 and a 200 day moving average price of $6.02. Entravision Communications Corporation has a 52 week low of $4.90 and a 52 week high of $8.00. The firm has a market cap of $569.14 million, a price-to-earnings ratio of 27.39 and a beta of 1.41.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.0313 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, June 13th. Entravision Communications Corporation’s dividend payout ratio is presently 56.52%.
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Several large investors have recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in Entravision Communications Corporation by 17.1% in the first quarter. Prudential Financial Inc. now owns 19,904 shares of the company’s stock valued at $123,000 after buying an additional 2,900 shares during the period. KCG Holdings Inc. purchased a new stake in Entravision Communications Corporation during the first quarter valued at $139,000. Malaga Cove Capital LLC increased its stake in Entravision Communications Corporation by 6.6% in the first quarter. Malaga Cove Capital LLC now owns 24,300 shares of the company’s stock valued at $149,000 after buying an additional 1,500 shares during the period. Gotham Asset Management LLC purchased a new stake in Entravision Communications Corporation during the first quarter valued at $158,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Entravision Communications Corporation during the first quarter valued at $156,000. 64.35% of the stock is currently owned by hedge funds and other institutional investors.
Entravision Communications Corporation 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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