Entravision Communication (NYSE:EVC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.83 and last traded at $7.55, with a volume of 1857500 shares trading hands. The stock had previously closed at $7.50.

EVC has been the subject of a number of recent research reports. ValuEngine upgraded Entravision Communication from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Noble Financial reiterated a “buy” rating on shares of Entravision Communication in a research note on Friday, November 3rd. Finally, Zacks Investment Research lowered Entravision Communication from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.00.

The company has a current ratio of 6.93, a quick ratio of 6.93 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $679.54, a P/E ratio of 4.02 and a beta of 1.62.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, December 14th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.20 dividend on an annualized basis and a yield of 2.65%. Entravision Communication’s dividend payout ratio (DPR) is presently 10.81%.

A number of hedge funds and other institutional investors have recently modified their holdings of EVC. Vanguard Group Inc. grew its stake in Entravision Communication by 11.4% during the 1st quarter. Vanguard Group Inc. now owns 2,808,188 shares of the company’s stock valued at $17,412,000 after purchasing an additional 287,296 shares in the last quarter. Geode Capital Management LLC grew its stake in Entravision Communication by 9.4% during the 1st quarter. Geode Capital Management LLC now owns 493,240 shares of the company’s stock valued at $3,058,000 after purchasing an additional 42,259 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Entravision Communication by 6.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 240,946 shares of the company’s stock valued at $1,494,000 after purchasing an additional 14,535 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Entravision Communication by 10.2% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 44,584 shares of the company’s stock valued at $276,000 after purchasing an additional 4,134 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Entravision Communication by 59.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 594,175 shares of the company’s stock valued at $3,922,000 after purchasing an additional 222,120 shares in the last quarter. Hedge funds and other institutional investors own 59.59% of the company’s stock.

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About Entravision Communication

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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