Several brokerages have updated their recommendations and price targets on shares of Entravision Communications Corporation (NYSE: EVC) in the last few weeks:

  • 8/3/2017 – Entravision Communications Corporation had its “buy” rating reaffirmed by analysts at Noble Financial.
  • 8/1/2017 – Entravision Communications Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/25/2017 – Entravision Communications Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/24/2017 – Entravision Communications Corporation had its “hold” rating reaffirmed by analysts at Macquarie. They now have a $7.00 price target on the stock.
  • 7/11/2017 – Entravision Communications Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 6/13/2017 – Entravision Communications Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “

Shares of Entravision Communications Corporation (NYSE EVC) traded up 0.83% during midday trading on Tuesday, hitting $6.05. 665,209 shares of the stock were exchanged. Entravision Communications Corporation has a 52-week low of $4.90 and a 52-week high of $8.00. The firm’s 50-day moving average is $6.56 and its 200 day moving average is $6.01. The firm has a market cap of $546.64 million, a PE ratio of 30.25 and a beta of 1.50.

Entravision Communications Corporation (NYSE:EVC) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.01. Entravision Communications Corporation had a net margin of 7.03% and a return on equity of 10.15%. The company had revenue of $70.51 million for the quarter, compared to analysts’ expectations of $67.59 million. During the same period last year, the business earned $0.06 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, analysts forecast that Entravision Communications Corporation will post $0.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 14th will be issued a dividend of $0.05 per share. This is a positive change from Entravision Communications Corporation’s previous quarterly dividend of $0.03. This represents a $0.20 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Wednesday, September 13th. Entravision Communications Corporation’s dividend payout ratio (DPR) is 61.90%.

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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