Entravision Communications Corporation (NYSE:EVC) Rating Reiterated by Noble Financial

Entravision Communications Corporation (NYSE:EVC)‘s stock had its “buy” rating reiterated by equities research analysts at Noble Financial in a report released on Thursday.

Several other research analysts have also recently commented on EVC. BidaskClub upgraded shares of Entravision Communications Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Macquarie restated a “hold” rating and set a $7.00 target price on shares of Entravision Communications Corporation in a report on Monday, July 24th. Finally, Zacks Investment Research cut shares of Entravision Communications Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Entravision Communications Corporation has a consensus rating of “Hold” and a consensus target price of $7.00.

Entravision Communications Corporation (NYSE:EVC) opened at 6.10 on Thursday. The stock’s 50 day moving average is $6.55 and its 200-day moving average is $6.00. The company has a market cap of $551.16 million, a P/E ratio of 30.50 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.

Entravision Communications Corporation (NYSE:EVC) last announced its earnings results on Wednesday, August 2nd. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Entravision Communications Corporation had a return on equity of 11.53% and a net margin of 8.05%. The business had revenue of $70.51 million for the quarter, compared to analyst estimates of $67.59 million. During the same quarter in the previous year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. Analysts predict that Entravision Communications Corporation will post $3.01 earnings per share for the current fiscal year.

Entravision Communications Corporation announced that its Board of Directors has approved a share repurchase plan on Wednesday, August 2nd that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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A number of hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY boosted its stake in shares of Entravision Communications Corporation by 1.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 40,450 shares of the company’s stock worth $283,000 after buying an additional 421 shares in the last quarter. Malaga Cove Capital LLC boosted its stake in shares of 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. Schwab Charles Investment Management Inc. boosted its stake in shares of Entravision Communications Corporation by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 242,561 shares of the company’s stock worth $1,601,000 after buying an additional 1,615 shares in the last quarter. American International Group Inc. boosted its stake in shares of Entravision Communications Corporation by 7.1% in the first quarter. American International Group Inc. now owns 40,062 shares of the company’s stock worth $248,000 after buying an additional 2,650 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of 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. Hedge funds and other institutional investors own 63.57% of the company’s stock.

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.