Entravision Communications (NYSE:EVC) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Entravision Communications (NYSE:EVC) from a sell rating to a hold rating in a research note published on Thursday.

Entravision Communications Trading Up 2.5 %

Entravision Communications stock opened at $2.08 on Thursday. The stock has a market cap of $186.20 million, a PE ratio of -2.77 and a beta of 0.99. The stock has a 50-day moving average price of $2.07 and a 200 day moving average price of $2.68. Entravision Communications has a 52 week low of $1.33 and a 52 week high of $4.91. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.13.

Entravision Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 9.62%. The ex-dividend date of this dividend was Friday, June 14th. Entravision Communications’s dividend payout ratio (DPR) is -26.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Entravision Communications by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 3,226,137 shares of the company’s stock valued at $5,291,000 after acquiring an additional 266,642 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Entravision Communications by 68.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 436,000 shares of the company’s stock valued at $715,000 after acquiring an additional 176,500 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Entravision Communications by 8.2% during the 1st quarter. Empowered Funds LLC now owns 367,110 shares of the company’s stock valued at $602,000 after acquiring an additional 27,792 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Entravision Communications by 14.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 55,691 shares of the company’s stock valued at $232,000 after acquiring an additional 6,890 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Entravision Communications during the 4th quarter valued at about $187,000. Institutional investors and hedge funds own 69.46% of the company’s stock.

About Entravision Communications

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