Entravision Communications (NYSE:EVC) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Entravision shares crossed above their 200-day moving average, reaching $8.70 before last trading at $8.451, while the 200-day average stood at $6.90.
• Despite one analyst upgrade to “buy,” the stock retains a consensus “Sell” rating, with one research firm maintaining a “sell (D-)” assessment.
• The company beat quarterly earnings expectations, reporting $0.19 in EPS versus $0.10 forecast and $227.9 million in revenue, and declared a $0.05 quarterly dividend; however, a director recently sold 324,686 shares worth about $3.14 million.

Shares of Entravision Communications Corporation (NYSE:EVC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.90 and traded as high as $8.70. Entravision Communications shares last traded at $8.4510, with a volume of 1,177,887 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of Entravision Communications from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Entravision Communications in a report on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

Entravision Communications Stock Performance

The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $779.94 million, a P/E ratio of 845.95 and a beta of 1.72. The business has a fifty day moving average price of $10.88 and a 200-day moving average price of $6.90.

Entravision Communications (NYSE:EVC - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.10 by $0.09. Entravision Communications had a return on equity of 6.98% and a net margin of 0.62%.The company had revenue of $227.90 million during the quarter, compared to the consensus estimate of $121.49 million.

Entravision Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, September 16th. Entravision Communications's dividend payout ratio (DPR) is presently 2,000.00%.

Insider Activity at Entravision Communications

In other news, Director Paul A. Zevnik sold 324,686 shares of Entravision Communications stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $9.67, for a total value of $3,139,713.62. Following the completion of the sale, the director directly owned 2,107,582 shares in the company, valued at $20,380,317.94. The trade was a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Entravision Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC bought a new stake in Entravision Communications in the 1st quarter worth approximately $30,000. Flower City Capital bought a new position in shares of Entravision Communications during the 2nd quarter valued at $137,000. StoneX Group Inc. bought a new position in shares of Entravision Communications during the 4th quarter valued at $35,000. BNP Paribas Financial Markets boosted its stake in shares of Entravision Communications by 86.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company's stock worth $29,000 after buying an additional 5,702 shares during the last quarter. Finally, Vise Technologies Inc. purchased a new position in shares of Entravision Communications in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 69.46% of the company's stock.

Entravision Communications Company Profile

Entravision Communications Corporation NYSE: EVC is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.

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