Shares of Entravision Communications Corp. (NYSE:EVC) dropped 2.3% during mid-day trading on Wednesday . The stock traded as low as $7.57 and last traded at $7.57, with a volume of 83,509 shares trading hands. The stock had previously closed at $7.75.

Separately, Zacks Investment Research upgraded Entravision Communications Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th.

The firm has a 50-day moving average price of $7.43 and a 200 day moving average price of $7.31. The stock has a market cap of $672.42 million and a P/E ratio of 30.04.

Entravision Communications Corp. (NYSE:EVC) last issued its earnings results on Wednesday, August 3rd. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The firm earned $64.82 million during the quarter, compared to the consensus estimate of $63.38 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts expect that Entravision Communications Corp. will post $0.32 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.0313 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.13 dividend on an annualized basis and a yield of 1.66%.

In other Entravision Communications Corp. news, Director Esteban E. Torres sold 108,179 shares of Entravision Communications Corp. stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $6.16, for a total transaction of $666,382.64. Following the completion of the transaction, the director now owns 108,179 shares in the company, valued at approximately $666,382.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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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