Noble Financial Lowers Entravision Communications (EVC) to Hold

Entravision Communications (NYSE:EVC) was downgraded by Noble Financial from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, March 15th, Marketbeat Ratings reports.

Separately, Zacks Investment Research cut shares of Entravision Communications from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $7.00.

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EVC traded down $0.05 during midday trading on Thursday, reaching $4.90. The company’s stock had a trading volume of 749,249 shares, compared to its average volume of 832,890. The stock has a market cap of $445.52, a PE ratio of 2.83 and a beta of 1.39. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.93 and a current ratio of 6.93. Entravision Communications has a 1 year low of $4.35 and a 1 year high of $7.90.

Entravision Communications (NYSE:EVC) last announced its quarterly earnings data on Wednesday, March 14th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). The business had revenue of $73.50 million during the quarter, compared to analysts’ expectations of $71.56 million. Entravision Communications had a return on equity of 66.33% and a net margin of 32.89%. Entravision Communications’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. equities research analysts predict that Entravision Communications will post 0.13 EPS for the current year.

Several large investors have recently bought and sold shares of EVC. BlackRock Inc. grew its holdings in shares of Entravision Communications by 117.4% during the fourth quarter. BlackRock Inc. now owns 9,076,176 shares of the company’s stock valued at $64,894,000 after buying an additional 4,900,809 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Entravision Communications by 373.3% during the fourth quarter. Millennium Management LLC now owns 1,972,143 shares of the company’s stock valued at $14,101,000 after buying an additional 1,555,499 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Entravision Communications by 399.2% during the fourth quarter. Two Sigma Investments LP now owns 959,644 shares of the company’s stock valued at $6,861,000 after buying an additional 767,414 shares during the last quarter. Bogle Investment Management L P DE purchased a new stake in shares of Entravision Communications during the fourth quarter valued at approximately $5,482,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Entravision Communications by 39.0% during the fourth quarter. Renaissance Technologies LLC now owns 2,585,752 shares of the company’s stock valued at $18,488,000 after buying an additional 725,252 shares during the last quarter. Hedge funds and other institutional investors own 63.82% of the company’s stock.

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About Entravision Communications

Entravision Communications Corporation operates as a media company that reaches and engages Hispanics across media channels and advertising platforms in the United States and certain border markets of Mexico. The company operates through three segments: Television Broadcasting, Radio Broadcasting, and Digital Media.

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