Macquarie reaffirmed their hold rating on shares of Entravision Communications Corporation (NYSE:EVC) in a research note issued to investors on Monday. They currently have a $7.00 price objective on the stock.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Entravision Communications Corporation from a sell rating to a hold rating in a research note on Tuesday, July 11th. Noble Financial reaffirmed a buy rating on shares of Entravision Communications Corporation in a research note on Thursday, May 11th.
Shares of Entravision Communications Corporation (EVC) traded up 0.373% on Monday, hitting $6.725. The stock had a trading volume of 49,472 shares. The company has a 50 day moving average of $6.38 and a 200-day moving average of $6.00. The firm has a market capitalization of $607.54 million, a P/E ratio of 29.239 and a beta of 1.50. Entravision Communications Corporation has a 12-month low of $4.90 and a 12-month high of $8.00.
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The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.0313 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 1.87%. Entravision Communications Corporation’s payout ratio is presently 56.52%.
Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in Entravision Communications Corporation by 59.7% in the second quarter. Russell Investments Group Ltd. now owns 594,175 shares of the company’s stock worth $3,922,000 after buying an additional 222,120 shares during the last quarter. OLD National Bancorp IN bought a new stake in Entravision Communications Corporation during the second quarter worth $132,000. Fisher Asset Management LLC boosted its stake in Entravision Communications Corporation by 34.6% in the second quarter. Fisher Asset Management LLC now owns 340,570 shares of the company’s stock worth $2,248,000 after buying an additional 87,563 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in Entravision Communications Corporation by 7.7% in the first quarter. Tudor Investment Corp ET AL now owns 45,535 shares of the company’s stock worth $282,000 after buying an additional 3,245 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Entravision Communications Corporation by 10.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 44,584 shares of the company’s stock worth $276,000 after buying an additional 4,134 shares during the last quarter. 64.28% of the stock is currently owned by hedge funds and other institutional investors.
Entravision Communications Corporation Company Profile
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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