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

Entravision Communications (NYSE:EVC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Entravision Communications Trading Up 2.2 %

NYSE:EVC opened at $2.08 on Thursday. The stock’s 50 day moving average price is $2.07 and its 200 day moving average price is $2.68. The company has a market capitalization of $185.75 million, a PE ratio of -2.77 and a beta of 0.99. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.13. Entravision Communications has a 52-week low of $1.33 and a 52-week high of $4.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ritholtz Wealth Management grew its stake in shares of Entravision Communications by 16.7% in the 4th quarter. Ritholtz Wealth Management now owns 30,265 shares of the company’s stock valued at $126,000 after purchasing an additional 4,335 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Entravision Communications by 14.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 55,691 shares of the company’s stock valued at $232,000 after buying an additional 6,890 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Entravision Communications by 222.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,126 shares of the company’s stock valued at $42,000 after buying an additional 6,985 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Entravision Communications by 51.2% in the 1st quarter. SG Americas Securities LLC now owns 24,437 shares of the company’s stock valued at $40,000 after buying an additional 8,280 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Entravision Communications by 8.2% in the 1st quarter. Empowered Funds LLC now owns 367,110 shares of the company’s stock valued at $602,000 after buying an additional 27,792 shares during the period. 69.46% of the stock is currently owned by hedge funds and other institutional investors.

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.