Entravision Communication (EVC) Rating Lowered to Sell at Zacks Investment Research

Entravision Communication (NYSE:EVC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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. “

Other equities research analysts also recently issued reports about the company. ValuEngine raised Entravision Communication from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Noble Financial reissued a “buy” rating on shares of Entravision Communication in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $7.00.

Shares of Entravision Communication (NYSE EVC) opened at $7.40 on Tuesday. Entravision Communication has a fifty-two week low of $4.90 and a fifty-two week high of $7.90. The company has a market capitalization of $666.04, a price-to-earnings ratio of 4.00 and a beta of 1.62. The company has a current ratio of 6.93, a quick ratio of 6.93 and a debt-to-equity ratio of 0.83.

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

Hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its position in Entravision Communication by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 242,561 shares of the company’s stock worth $1,601,000 after purchasing an additional 1,615 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Entravision Communication by 36.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 511,096 shares of the company’s stock worth $3,373,000 after purchasing an additional 136,405 shares during the last quarter. Vanguard Group Inc. increased its position in Entravision Communication by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 2,954,165 shares of the company’s stock worth $19,497,000 after purchasing an additional 145,977 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in Entravision Communication by 19.9% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,806,040 shares of the company’s stock worth $10,294,000 after purchasing an additional 299,936 shares during the last quarter. Finally, Sei Investments Co. increased its position in Entravision Communication by 27.2% in the 3rd quarter. Sei Investments Co. now owns 316,914 shares of the company’s stock worth $1,806,000 after purchasing an additional 67,760 shares during the last quarter. 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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