Entravision Communications Corporation (NYSE:EVC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

According to Zacks, “Entravision is a diversified media company utilizing a combination of television, radio, outdoor and publishing operations to reach Hispanic consumers in the United States. The company is the largest Univision-affiliated television group in the United States. It owns Univision-affiliated stations in 17 of the top 50 Hispanic markets in the United States. Also, the company operates the largest centrally programmed Spanish-language radio network. The company produces seven formats to appeal to the diverse musical tastes of the listeners. “

A number of other analysts have also recently weighed in on EVC. Macquarie reissued a “hold” rating and issued a $7.00 target price on shares of Entravision Communications Corporation in a research note on Monday, July 24th. BidaskClub raised shares of Entravision Communications Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Noble Financial reissued a “buy” rating on shares of Entravision Communications Corporation in a research note on Thursday, August 3rd. Finally, ValuEngine raised shares of Entravision Communications Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.00.

Shares of Entravision Communications Corporation (NYSE EVC) opened at $5.70 on Wednesday. The firm has a market cap of $528.94, a PE ratio of 3.15 and a beta of 1.50. Entravision Communications Corporation has a 52 week low of $4.90 and a 52 week high of $7.15. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.70 and a quick ratio of 2.70.

Entravision Communications Corporation (NYSE:EVC) last posted its earnings results on Thursday, November 2nd. The company reported $1.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $1.69. The business had revenue of $70.60 million for the quarter, compared to analysts’ expectations of $70.43 million. Entravision Communications Corporation had a net margin of 31.96% and a return on equity of 91.12%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. equities analysts expect that Entravision Communications Corporation will post 0.09 EPS for the current year.

Entravision Communications Corporation announced that its Board of Directors has authorized a stock buyback program on Wednesday, August 2nd that permits the company to buyback $15.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

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In other Entravision Communications Corporation news, CRO Mario M. Carrera sold 70,702 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $5.63, for a total transaction of $398,052.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Christopher T. Young sold 14,616 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $5.55, for a total transaction of $81,118.80. The disclosure for this sale can be found here. 20.72% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of Entravision Communications Corporation by 28.8% during the third quarter. American Century Companies Inc. now owns 6,409,824 shares of the company’s stock worth $36,536,000 after purchasing an additional 1,432,579 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Entravision Communications Corporation by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,099,485 shares of the company’s stock worth $20,457,000 after purchasing an additional 215,270 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Entravision Communications Corporation 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 in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Entravision Communications Corporation by 2.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 2,110,000 shares of the company’s stock worth $13,926,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Entravision Communications Corporation by 2.5% during the first quarter. Renaissance Technologies LLC now owns 1,965,552 shares of the company’s stock worth $12,186,000 after purchasing an additional 47,700 shares in the last quarter. Institutional investors own 58.40% 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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