TheStreet Upgrades Entravision Communications (NYSE:EVC) to B-

Posted by Emily Schoerning on Aug 6th, 2022

Entravision Communications (NYSE:EVC – Get Rating) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a report released on Thursday, TheStreetRatingsTable reports.

Separately, StockNews.com cut Entravision Communications from a “buy” rating to a “hold” rating in a report on Thursday, May 12th.

Entravision Communications Trading Down 2.5 %

EVC stock opened at $5.17 on Thursday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.82. Entravision Communications has a 12-month low of $4.21 and a 12-month high of $9.34. The stock has a market cap of $439.09 million, a price-to-earnings ratio of 17.23 and a beta of 0.92. The business’s 50-day moving average is $4.87 and its 200 day moving average is $5.47.

Entravision Communications (NYSE:EVC – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. Entravision Communications had a return on equity of 16.01% and a net margin of 3.09%. The company had revenue of $197.17 million for the quarter, compared to analysts’ expectations of $193.60 million. On average, sell-side analysts anticipate that Entravision Communications will post 0.57 EPS for the current fiscal year.

Insider Transactions at Entravision Communications

In related news, Director Paul A. Zevnik bought 63,388 shares of the stock in a transaction dated Tuesday, May 17th. The shares were acquired at an average cost of $4.98 per share, for a total transaction of $315,672.24. Following the acquisition, the director now directly owns 140,615 shares in the company, valued at approximately $700,262.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Paul A. Zevnik purchased 63,388 shares of Entravision Communications stock in a transaction dated Tuesday, May 17th. The shares were purchased at an average price of $4.98 per share, with a total value of $315,672.24. Following the transaction, the director now owns 140,615 shares in the company, valued at $700,262.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Paul A. Zevnik purchased 45,448 shares of Entravision Communications stock in a transaction dated Thursday, May 19th. The shares were purchased at an average cost of $5.02 per share, for a total transaction of $228,148.96. Following the transaction, the director now owns 277,227 shares in the company, valued at approximately $1,391,679.54. The disclosure for this purchase can be found here. Insiders own 24.30% of the company’s stock.

Institutional Trading of Entravision Communications

Institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC purchased a new stake in Entravision Communications in the fourth quarter valued at approximately $90,000. Equitable Holdings Inc. raised its position in Entravision Communications by 8.7% in the fourth quarter. Equitable Holdings Inc. now owns 35,750 shares of the company’s stock valued at $242,000 after purchasing an additional 2,850 shares during the period. Hussman Strategic Advisors Inc. purchased a new stake in Entravision Communications in the first quarter valued at approximately $67,000. Eidelman Virant Capital purchased a new stake in Entravision Communications in the first quarter valued at approximately $192,000. Finally, BNP Paribas Arbitrage SA raised its position in Entravision Communications by 63.8% in the fourth quarter. BNP Paribas Arbitrage SA now owns 25,573 shares of the company’s stock valued at $173,000 after purchasing an additional 9,965 shares during the period. Hedge funds and other institutional investors own 57.01% of the company’s stock.

Entravision Communications Company Profile

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Entravision Communications Corporation operates as an advertising, media, and technology solutions company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics across acculturation levels and media channels. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.