Entravision Communications (NYSE:EVC) Upgraded at StockNews.com

Entravision Communications (NYSE:EVC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Entravision Communications Stock Up 9.1 %

EVC stock traded up $0.17 during trading on Thursday, hitting $2.03. 427,217 shares of the company’s stock were exchanged, compared to its average volume of 753,179. The business has a 50-day moving average price of $2.07 and a two-hundred day moving average price of $2.70. The stock has a market capitalization of $181.73 million, a price-to-earnings ratio of -2.71 and a beta of 0.99. 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.

Institutional Investors Weigh In On Entravision Communications

Several institutional investors have recently added to or reduced their stakes in EVC. SG Americas Securities LLC lifted its stake in Entravision Communications by 51.2% during the first quarter. SG Americas Securities LLC now owns 24,437 shares of the company’s stock worth $40,000 after purchasing an additional 8,280 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Entravision Communications by 222.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,126 shares of the company’s stock worth $42,000 after buying an additional 6,985 shares during the period. Ritholtz Wealth Management increased its position in Entravision Communications by 16.7% during the fourth quarter. Ritholtz Wealth Management now owns 30,265 shares of the company’s stock worth $126,000 after buying an additional 4,335 shares during the period. Russell Investments Group Ltd. acquired a new position in Entravision Communications during the fourth quarter worth approximately $187,000. Finally, Allspring Global Investments Holdings LLC increased its position in Entravision Communications by 14.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 55,691 shares of the company’s stock worth $232,000 after buying an additional 6,890 shares during the period. Hedge funds and other institutional investors 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.