Entravision Communication (EVC) Given Average Rating of “Hold” by Brokerages

Shares of Entravision Communication (NYSE:EVC) have earned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.00.

A number of brokerages have commented on EVC. ValuEngine downgraded shares of Entravision Communication from a “sell” rating to a “strong sell” rating in a report on Friday, June 22nd. Zacks Investment Research upgraded shares of Entravision Communication from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Gabelli reiterated a “buy” rating on shares of Entravision Communication in a report on Wednesday, June 20th. Noble Financial upgraded shares of Entravision Communication from a “hold” rating to a “buy” rating in a report on Tuesday, June 12th. Finally, TheStreet downgraded shares of Entravision Communication from a “b-” rating to a “c” rating in a report on Friday, March 23rd.

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Several hedge funds have recently modified their holdings of EVC. BlackRock Inc. grew its stake in shares of Entravision Communication by 117.4% during the fourth quarter. BlackRock Inc. now owns 9,076,176 shares of the company’s stock worth $64,894,000 after acquiring an additional 4,900,809 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of Entravision Communication during the first quarter worth about $15,807,000. Millennium Management LLC grew its stake in shares of Entravision Communication by 373.3% during the fourth quarter. Millennium Management LLC now owns 1,972,143 shares of the company’s stock worth $14,101,000 after acquiring an additional 1,555,499 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Entravision Communication by 399.2% during the fourth quarter. Two Sigma Investments LP now owns 959,644 shares of the company’s stock worth $6,861,000 after acquiring an additional 767,414 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Entravision Communication by 39.0% during the fourth quarter. Renaissance Technologies LLC now owns 2,585,752 shares of the company’s stock worth $18,488,000 after acquiring an additional 725,252 shares during the last quarter. Institutional investors and hedge funds own 63.71% of the company’s stock.

Entravision Communication stock traded down $0.05 during trading hours on Thursday, reaching $5.00. The stock had a trading volume of 304,600 shares, compared to its average volume of 529,809. The company has a market capitalization of $439.67 million, a PE ratio of 2.92 and a beta of 1.43. The company has a debt-to-equity ratio of 0.86, a quick ratio of 6.50 and a current ratio of 6.50. Entravision Communication has a 52 week low of $3.90 and a 52 week high of $7.90.

The company also recently announced a quarterly dividend, which was paid on Friday, June 29th. Shareholders of record on Thursday, June 14th were issued a $0.05 dividend. The ex-dividend date was Wednesday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 4.00%. Entravision Communication’s dividend payout ratio is presently 11.56%.

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.