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Entravision Communications (NYSE:EVC – Get a rating) has been updated by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday, Zacks.com reports. The brokerage currently has a price target of $5.75 on the stock. Zacks Investment ResearchThe company’s price target indicates a potential upside of 15.23% from the company’s current price.

According to Zacks, “Entravision is a diversified media company using a combination of television, radio, out-of-home and publishing operations to reach Hispanic consumers in the United States. The company is the largest affiliated television group to Univision in the U.S. It owns Univision-affiliated stations in 17 of the top 50 Hispanic markets in the U.S. In addition, the company operates the largest centralized programming Spanish-language radio network.The company produces seven formats for appeal to the diverse musical tastes of listeners.”

Several other equity research analysts have also published reports on EVC. TheStreet downgraded shares of Entravision Communications from a “b-” rating to a “c+” rating in a Monday, April 25 report. StockNews.com downgraded shares of Entravision Communications from a “buy” rating to a “hold” rating in a Thursday, May 12, report.

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EVC stock fell $0.14 on Friday, hitting $4.99. 214,379 shares of the company were traded, against an average volume of 380,694. Entravision Communications has a 12-month low of $4.21 and a 12-month high of $9.34. The stock’s fifty-day moving average price is $5.47 and its 200-day moving average price is $6.23. The company has a market capitalization of $423.80 million, a PE ratio of 17.21 and a beta of 0.82. The company has a debt ratio of 0.82, a current ratio of 1.81 and a quick ratio of 1.81.

Entravision Communications (NYSE:EVC – Get a rating) last announced its results on Thursday, May 5. The company reported earnings per share (EPS) of $0.08 for the quarter, meeting analyst consensus estimates of $0.08. Entravision Communications achieved a net margin of 3.18% and a return on equity of 14.90%. The company posted revenue of $197.17 million for the quarter, versus analyst estimates of $193.60 million. As a group, research analysts expect Entravision Communications to post EPS of 0.54 for the current fiscal year.

In related news, director Paul A. Zevnik purchased 63,388 shares of Entravision Communications in a trade that took place on Tuesday, May 17. The shares were acquired at an average price of $4.98 per share, for a total transaction of $315,672.24. Following the transaction, the administrator now directly owns 140,615 shares of the company, valued at $700,262.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this link. Also, director Paul A. Zevnik purchased 45,448 shares of Entravision Communications in a transaction that took place on Thursday, May 19. The shares were purchased at an average price of $5.02 per share, for a total transaction of $228,148.96. Following the transaction, the administrator now owns 277,227 shares of the company, valued at $1,391,679.54. Disclosure of this purchase can be found here. 24.30% of the shares are currently held by insiders.

A number of institutional investors have recently increased or reduced their stake in the company. Mirabella Financial Services LLP purchased a new stake in shares of Entravision Communications in Q1 worth approximately $121,000. Goldman Sachs Group Inc. increased its stake in shares of Entravision Communications by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,703,744 shares of the company valued at $17,331,000 after acquiring 119,493 additional shares in the last quarter. Wellington Management Group LLP increased its stake in the shares of Entravision Communications by 8.2% in the 1st quarter. Wellington Management Group LLP now owns 489,530 shares of the company valued at $3,138,000 after acquiring 37,185 additional shares in the last quarter. Samalin Investment Counsel LLC increased its stake in shares of Entravision Communications by 43.8% in the 1st quarter. Samalin Investment Counsel LLC now owns 10,634 shares of the company valued at $68,000 after acquiring 3,240 additional shares in the last quarter. Finally, Invesco Ltd. increased its stake in the shares of Entravision Communications by 28.6% in the 1st quarter. Invesco Ltd. now owns 122,821 shares of the company valued at $787,000 after acquiring an additional 27,316 shares in the last quarter. Institutional investors hold 57.01% of the company’s shares.

About Entravision Communications (Get a rating)

Entravision Communications Corporation operates as a worldwide advertising, media and technology solutions company. The Company operates through three segments: digital, television and audio. It reaches and engages Hispanics across levels of acculturation and media channels. The company’s portfolio includes end-to-end integrated advertising solutions, including digital, television and audio properties.

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