ValuEngine Lowers Entravision Communication (EVC) to Sell

ValuEngine downgraded shares of Entravision Communication (NYSE:EVC) from a hold rating to a sell rating in a report released on Saturday morning.

Several other analysts have also recently commented on the stock. Noble Financial reissued a buy rating on shares of Entravision Communication in a research note on Thursday, November 8th. Zacks Investment Research cut shares of Entravision Communication from a buy rating to a hold rating in a research note on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $5.75.

NYSE EVC opened at $3.24 on Friday. The company has a market cap of $287.00 million, a PE ratio of 1.87 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 5.44 and a quick ratio of 5.44. Entravision Communication has a 1-year low of $3.19 and a 1-year high of $7.90.

Entravision Communication (NYSE:EVC) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). Entravision Communication had a net margin of 6.30% and a return on equity of 0.49%. The company had revenue of $74.60 million for the quarter, compared to the consensus estimate of $75.62 million. During the same period last year, the company earned $1.71 earnings per share. Entravision Communication’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts predict that Entravision Communication will post 0.14 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.20 annualized dividend and a dividend yield of 6.17%. Entravision Communication’s dividend payout ratio (DPR) is currently 11.56%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hartford Investment Management Co. bought a new stake in shares of Entravision Communication during the second quarter valued at approximately $142,000. MetLife Investment Advisors LLC grew its stake in shares of Entravision Communication by 266.3% during the second quarter. MetLife Investment Advisors LLC now owns 32,143 shares of the company’s stock valued at $161,000 after purchasing an additional 23,369 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Entravision Communication during the third quarter valued at approximately $196,000. ClariVest Asset Management LLC bought a new stake in shares of Entravision Communication during the third quarter valued at approximately $216,000. Finally, Jefferies Group LLC grew its stake in shares of Entravision Communication by 310.4% during the third quarter. Jefferies Group LLC now owns 53,982 shares of the company’s stock valued at $265,000 after purchasing an additional 40,828 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors and hedge funds.

Entravision Communication Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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