Zacks Investment Research cut shares of Entravision Communications Corporation (NYSE:EVC) from a hold rating to a sell rating in a research note released on Wednesday morning.

According to Zacks, “Entravision is a diversified media company utilizing a combination of television, radio, outdoor and publishing operations to reach Hispanic consumers in the United States. The company is the largest Univision-affiliated television group in the United States. It owns Univision-affiliated stations in 17 of the top 50 Hispanic markets in the United States. Also, the company operates the largest centrally programmed Spanish-language radio network. The company produces seven formats to appeal to the diverse musical tastes of the listeners. “

Several other research analysts have also recently issued reports on EVC. BidaskClub cut Entravision Communications Corporation from a hold rating to a sell rating in a research report on Wednesday, August 9th. Noble Financial reiterated a buy rating on shares of Entravision Communications Corporation in a research report on Friday, November 3rd. Macquarie reiterated a hold rating and issued a $7.00 price objective on shares of Entravision Communications Corporation in a research report on Monday, July 24th. Finally, ValuEngine upgraded Entravision Communications Corporation from a sell rating to a hold rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Entravision Communications Corporation has a consensus rating of Hold and a consensus price target of $7.00.

Shares of Entravision Communications Corporation (EVC) opened at $5.75 on Wednesday. Entravision Communications Corporation has a 52 week low of $4.90 and a 52 week high of $7.15. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $524.47, a P/E ratio of 3.06 and a beta of 1.49.

Entravision Communications Corporation (NYSE:EVC) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $1.69. The business had revenue of $70.60 million during the quarter, compared to analysts’ expectations of $70.43 million. Entravision Communications Corporation had a return on equity of 91.12% and a net margin of 31.96%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. research analysts forecast that Entravision Communications Corporation will post 0.09 EPS for the current fiscal year.

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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 given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, December 13th. Entravision Communications Corporation’s payout ratio is 10.81%.

Entravision Communications Corporation declared that its board has initiated a stock buyback program on Wednesday, August 2nd that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the company to buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In other Entravision Communications Corporation news, CRO Mario M. Carrera sold 70,702 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $5.63, for a total value of $398,052.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Christopher T. Young sold 14,616 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $5.55, for a total value of $81,118.80. The disclosure for this sale can be found here. Corporate insiders own 20.72% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its holdings in Entravision Communications Corporation by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 242,561 shares of the company’s stock valued at $1,601,000 after purchasing an additional 1,615 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Entravision Communications Corporation by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 56,391 shares of the company’s stock valued at $372,000 after purchasing an additional 1,772 shares during the last quarter. American International Group Inc. grew its holdings in Entravision Communications Corporation by 7.1% in the first quarter. American International Group Inc. now owns 40,062 shares of the company’s stock valued at $248,000 after purchasing an additional 2,650 shares during the last quarter. Prudential Financial Inc. grew its holdings in Entravision Communications Corporation by 17.1% in the first quarter. Prudential Financial Inc. now owns 19,904 shares of the company’s stock valued at $123,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its holdings in Entravision Communications Corporation by 7.7% in the first quarter. Tudor Investment Corp ET AL now owns 45,535 shares of the company’s stock valued at $282,000 after purchasing an additional 3,245 shares during the last quarter. 58.40% of the stock is currently owned by institutional investors.

About Entravision Communications Corporation

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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