Entravision Communications (NYSE:EVC) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Entravision Communications (NYSE:EVC) from a hold rating to a buy rating in a research note released on Saturday morning.

Entravision Communications Stock Up 2.4%

EVC stock opened at $7.12 on Friday. The company’s 50 day simple moving average is $3.41 and its 200-day simple moving average is $3.06. The firm has a market capitalization of $654.32 million, a PE ratio of -32.34 and a beta of 1.36. Entravision Communications has a 12 month low of $1.81 and a 12 month high of $8.35. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.40 and a quick ratio of 1.51.

Entravision Communications (NYSE:EVC) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $196.97 million for the quarter, compared to analyst estimates of $121.49 million. Entravision Communications had a negative net margin of 3.41% and a negative return on equity of 25.31%.

Entravision Communications Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.05 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.8%. Entravision Communications’s dividend payout ratio is currently -90.91%.

Institutional Trading of Entravision Communications

Several large investors have recently modified their holdings of the business. IMC Chicago LLC acquired a new stake in shares of Entravision Communications in the first quarter valued at approximately $30,000. 3Chopt Investment Partners LLC acquired a new stake in Entravision Communications during the first quarter worth approximately $46,000. Hsbc Holdings PLC boosted its position in Entravision Communications by 24.0% during the fourth quarter. Hsbc Holdings PLC now owns 78,950 shares of the company’s stock worth $231,000 after acquiring an additional 15,299 shares during the last quarter. XTX Topco Ltd boosted its position in Entravision Communications by 78.0% during the fourth quarter. XTX Topco Ltd now owns 18,526 shares of the company’s stock worth $54,000 after acquiring an additional 8,120 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Entravision Communications during the fourth quarter worth approximately $128,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Entravision Communications Company Profile

Entravision Communications Corporation (NYSE: EVC) is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.