Entravision Communication (NYSE:EVC) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Entravision Communication (NYSE:EVC) from a strong sell rating to a sell rating in a research note published on Thursday morning, ValuEngine reports.

A number of other research firms have also issued reports on EVC. Noble Financial set a $6.00 price target on Entravision Communication and gave the stock a buy rating in a report on Wednesday, July 3rd. Zacks Investment Research lowered Entravision Communication from a buy rating to a hold rating in a report on Wednesday, July 17th.

Shares of EVC stock traded down $0.20 during mid-day trading on Thursday, hitting $3.02. 102,254 shares of the stock were exchanged, compared to its average volume of 343,112. The firm’s fifty day moving average price is $3.15. The company has a market capitalization of $275.04 million, a PE ratio of 23.20 and a beta of 1.14. Entravision Communication has a 12-month low of $2.56 and a 12-month high of $5.68. The company has a quick ratio of 4.35, a current ratio of 4.35 and a debt-to-equity ratio of 0.86.

Entravision Communication (NYSE:EVC) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.05. The company had revenue of $64.68 million for the quarter. Entravision Communication had a return on equity of 3.82% and a net margin of 5.21%. As a group, analysts anticipate that Entravision Communication will post 0.25 earnings per share for the current year.

In related news, Director Gilbert R. Vasquez purchased 100,000 shares of Entravision Communication stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $3.07 per share, for a total transaction of $307,000.00. Following the transaction, the director now owns 415,169 shares in the company, valued at $1,274,568.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gilbert R. Vasquez purchased 15,000 shares of Entravision Communication stock in a transaction dated Wednesday, May 29th. The shares were bought at an average price of $3.25 per share, with a total value of $48,750.00. The disclosure for this purchase can be found here. 22.38% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Group One Trading L.P. increased its stake in shares of Entravision Communication by 206.6% during the 1st quarter. Group One Trading L.P. now owns 8,220 shares of the company’s stock worth $27,000 after purchasing an additional 15,929 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Entravision Communication by 27.4% during the 4th quarter. Legal & General Group Plc now owns 12,184 shares of the company’s stock worth $36,000 after purchasing an additional 2,618 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Entravision Communication by 342.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,440 shares of the company’s stock worth $44,000 after purchasing an additional 10,405 shares in the last quarter. Hayden Royal LLC purchased a new position in shares of Entravision Communication during the 1st quarter worth approximately $50,000. Finally, Metropolitan Life Insurance Co NY purchased a new position in shares of Entravision Communication during the 1st quarter worth approximately $60,000. Institutional investors own 58.39% of the company’s stock.

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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