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

Other equities research analysts have also issued reports about the stock. Noble Financial restated a “buy” rating on shares of Entravision Communications Corporation in a report on Thursday, May 11th. Macquarie restated a “hold” rating and issued a $7.00 price objective on shares of Entravision Communications Corporation in a report on Monday, July 24th. Finally, Zacks Investment Research upgraded shares of Entravision Communications Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $7.00.

Entravision Communications Corporation (NYSE:EVC) opened at 5.65 on Friday. The firm has a 50-day moving average of $6.38 and a 200 day moving average of $6.04. Entravision Communications Corporation has a 12 month low of $4.90 and a 12 month high of $7.89. The firm has a market capitalization of $510.86 million, a PE ratio of 28.25 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 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 the consensus estimate of $67.59 million. Entravision Communications Corporation had a return on equity of 10.05% and a net margin of 7.03%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Equities research analysts forecast that Entravision Communications Corporation will post $0.15 earnings per share for the current year.

Entravision Communications Corporation announced that its Board of Directors has authorized a share buyback program on Wednesday, August 2nd that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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A number of large investors have recently bought and sold shares of EVC. American Century Companies Inc. raised its stake in Entravision Communications Corporation by 17.5% in the first quarter. American Century Companies Inc. now owns 6,072,286 shares of the company’s stock worth $37,648,000 after buying an additional 906,364 shares in the last quarter. Malaga Cove Capital LLC raised its stake in Entravision Communications Corporation by 6.6% in the first quarter. Malaga Cove Capital LLC now owns 24,300 shares of the company’s stock worth $149,000 after buying an additional 1,500 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in Entravision Communications Corporation by 46.2% in the first quarter. Deprince Race & Zollo Inc. now owns 1,280,390 shares of the company’s stock worth $7,938,000 after buying an additional 404,771 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Entravision Communications Corporation by 4.1% in the first quarter. Gamco Investors INC. ET AL now owns 131,483 shares of the company’s stock worth $815,000 after buying an additional 5,122 shares in the last quarter. Finally, Prudential Financial Inc. raised 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. Institutional investors own 62.39% of the company’s stock.

About Entravision Communications Corporation

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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