Entravision Communication (NYSE:EVC)’s share price hit a new 52-week low on Thursday . The company traded as low as $3.01 and last traded at $3.07, with a volume of 13133 shares traded. The stock had previously closed at $3.02.

EVC has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Entravision Communication from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Noble Financial reissued a “buy” rating on shares of Entravision Communication in a research report on Thursday, November 8th. Finally, ValuEngine raised shares of Entravision Communication from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $5.75.

The stock has a market capitalization of $276.34 million, a price-to-earnings ratio of 311.00 and a beta of 1.16. The company has a current ratio of 5.44, a quick ratio of 5.44 and a debt-to-equity ratio of 0.87.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.43%. Entravision Communication’s dividend payout ratio is 11.56%.

Several hedge funds and other institutional investors have recently made changes to their positions in EVC. Strs Ohio raised its holdings in shares of Entravision Communication by 9.8% during the second quarter. Strs Ohio now owns 128,800 shares of the company’s stock worth $644,000 after acquiring an additional 11,500 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Entravision Communication by 102.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 672,336 shares of the company’s stock worth $3,362,000 after acquiring an additional 340,554 shares during the period. WBI Investments Inc. acquired a new stake in shares of Entravision Communication during the third quarter worth $1,067,000. Acadian Asset Management LLC raised its holdings in shares of Entravision Communication by 11.1% during the third quarter. Acadian Asset Management LLC now owns 967,387 shares of the company’s stock worth $4,740,000 after acquiring an additional 96,634 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Entravision Communication by 41.6% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 56,800 shares of the company’s stock worth $284,000 after acquiring an additional 16,700 shares during the period. 61.18% of the stock is currently owned by institutional investors.

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About Entravision Communication (NYSE:EVC)

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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