Entravision Communication (EVC) Given Average Rating of “Hold” by Brokerages
Entravision Communication (NYSE:EVC) has been assigned an average recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $7.00.
Several research analysts recently commented on EVC shares. Zacks Investment Research cut Entravision Communication from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. ValuEngine raised Entravision Communication from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Noble Financial reaffirmed a “buy” rating on shares of Entravision Communication in a research report on Friday, November 3rd. Finally, BidaskClub cut Entravision Communication from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th.
Entravision Communication (NYSE EVC) opened at $7.75 on Friday. 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 firm has a market capitalization of $666.02, a PE ratio of 3.98 and a beta of 1.63. Entravision Communication has a 52-week low of $4.90 and a 52-week high of $7.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 14th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.58%. Entravision Communication’s payout ratio is 10.75%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EVC. Schwab Charles Investment Management Inc. increased its stake in shares of Entravision Communication by 0.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 242,561 shares of the company’s stock worth $1,601,000 after purchasing an additional 1,615 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Entravision Communication by 36.4% during the second quarter. TIAA CREF Investment Management LLC now owns 511,096 shares of the company’s stock worth $3,373,000 after purchasing an additional 136,405 shares during the period. Vanguard Group Inc. increased its stake in shares of Entravision Communication by 5.2% during the second quarter. Vanguard Group Inc. now owns 2,954,165 shares of the company’s stock worth $19,497,000 after purchasing an additional 145,977 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Entravision Communication by 19.9% during the third quarter. Deprince Race & Zollo Inc. now owns 1,806,040 shares of the company’s stock worth $10,294,000 after purchasing an additional 299,936 shares during the period. Finally, Thrivent Financial For Lutherans bought a new position in shares of Entravision Communication during the second quarter worth approximately $523,000. 59.79% of the stock is owned by institutional investors.
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Entravision Communication 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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