Entravision Communications Corporation (NYSE:EVC) Earns Hold Rating from Macquarie

Entravision Communications Corporation (NYSE:EVC)‘s stock had its “hold” rating restated by equities researchers at Macquarie in a note issued to investors on Monday, July 24th. They currently have a $7.00 price target on the stock. Macquarie’s price objective suggests a potential upside of 23.89% from the stock’s current price.

A number of other equities analysts have also issued reports on EVC. Zacks Investment Research lowered shares of Entravision Communications Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Noble Financial reissued a “buy” rating on shares of Entravision Communications Corporation in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Entravision Communications Corporation presently has an average rating of “Hold” and a consensus target price of $7.00.

Entravision Communications Corporation (NYSE EVC) opened at 5.65 on Monday. The company has a 50-day moving average of $6.38 and a 200 day moving average of $6.04. The company has a market capitalization of $510.86 million, a P/E ratio of 28.25 and a beta of 1.50. Entravision Communications Corporation has a 12-month low of $4.90 and a 12-month high of $7.89.

Entravision Communications Corporation (NYSE:EVC) last released its earnings results on Wednesday, August 2nd. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $70.51 million during the quarter, compared to analyst estimates of $67.59 million. Entravision Communications Corporation had a return on equity of 10.05% and a net margin of 7.03%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. Equities research analysts forecast that Entravision Communications Corporation will post $0.15 earnings per share for the current fiscal year.

Entravision Communications Corporation declared that its board has authorized a stock repurchase plan on Wednesday, August 2nd that permits the company to buyback $15.00 million in shares. This buyback authorization permits the company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

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Several institutional investors have recently bought and sold shares of EVC. State Street Corp raised its stake in shares of Entravision Communications Corporation by 3.8% in the fourth quarter. State Street Corp now owns 1,099,342 shares of the company’s stock valued at $7,698,000 after buying an additional 40,266 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Entravision Communications Corporation by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,815,827 shares of the company’s stock valued at $19,710,000 after buying an additional 42,119 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Entravision Communications Corporation by 1.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 40,450 shares of the company’s stock valued at $283,000 after buying an additional 421 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Entravision Communications Corporation by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 210,110 shares of the company’s stock valued at $1,471,000 after buying an additional 9,060 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of Entravision Communications Corporation during the fourth quarter valued at approximately $523,000. 62.39% of the stock is owned by hedge funds and other institutional investors.

About Entravision Communications Corporation

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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