Entravision Communications Corporation (NYSE:EVC) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

EVC has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Entravision Communications Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Macquarie reaffirmed a “hold” rating and issued a $7.00 target price on shares of Entravision Communications Corporation in a research report on Monday, July 24th. Finally, Noble Financial reaffirmed a “buy” rating on shares of Entravision Communications Corporation in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Entravision Communications Corporation currently has an average rating of “Hold” and a consensus target price of $7.00.

Shares of Entravision Communications Corporation (EVC) traded up 2.73% on Friday, hitting $5.65. 457,043 shares of the stock were exchanged. The company has a market cap of $510.86 million, a PE ratio of 28.25 and a beta of 1.50. The company has a 50-day moving average price of $6.38 and a 200 day moving average price of $6.04. Entravision Communications Corporation has a 12 month low of $4.90 and a 12 month high of $7.89.

Entravision Communications Corporation (NYSE:EVC) last released its earnings results on Wednesday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.01. The business had revenue of $70.51 million during the quarter, compared to analysts’ expectations of $67.59 million. Entravision Communications Corporation had a return on equity of 10.05% and a net margin of 7.03%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 earnings per share. Equities analysts forecast that Entravision Communications Corporation will post $0.15 EPS for the current fiscal year.

Entravision Communications Corporation announced that its board has authorized a share buyback program on Wednesday, August 2nd that allows the company to repurchase $15.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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Several hedge funds have recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its stake in Entravision Communications Corporation by 17.1% in the first quarter. Prudential Financial Inc. now owns 19,904 shares of the company’s stock worth $123,000 after buying an additional 2,900 shares in the last quarter. OLD National Bancorp IN acquired a new stake in Entravision Communications Corporation during the second quarter worth $132,000. KCG Holdings Inc. acquired a new stake in Entravision Communications Corporation during the first quarter worth $139,000. Malaga Cove Capital LLC increased its stake in shares of Entravision Communications Corporation by 6.6% in the first quarter. Malaga Cove Capital LLC now owns 24,300 shares of the company’s stock valued at $149,000 after buying an additional 1,500 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in shares of Entravision Communications Corporation during the first quarter valued at approximately $156,000. 62.39% of the stock is currently owned by hedge funds and other institutional investors.

Entravision Communications Corporation Company Profile

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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