EF Hutton cuts price target for Entravision Communications

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Entravision Communications Stock Fair Value – ENTRAVISION COMMUNICATIONS ($NYSE:EVC) is a Spanish-language media company in the United States. The company owns and operates television and radio stations across the country. EF Hutton Acquisition Co. has lowered Entravision Communications’ price target to $13.00.

This is due to the company’s recent acquisition of KVEA, a television station in Los Angeles. The acquisition is expected to be accretive to earnings per share in the first year.

Share Price

On Tuesday, shares of Entravision Communications Corporation opened at $5.30 and closed at $5.00, down 4.5% from its previous closing price of $5.30. So far, news coverage of the stock has been mostly mixed. Some analysts remain bullish on the stock, citing its strong position in the Spanish-language media market.

However, others are concerned about the company’s declining advertising revenues and recent string of losses. Given the uncertain outlook for the company, it remains to be seen if this discount will narrow or widen in the coming weeks.

VI Analysis – Entravision Communications Stock Fair Value

The intrinsic value of a stock is its true underlying value, which takes into account all relevant factors including a company’s financial health, earnings potential, and growth prospects. The VI Line is a tool that calculates the intrinsic value of a stock based on these factors. Based on the VI Line, the intrinsic value of ENTRAVISION COMMUNICATIONS stock is around $6.7.

However, the stock is currently traded at $5.0, which means it is undervalued by 25%. Investors may want to consider buying ENTRAVISION COMMUNICATIONS stock at its current price, as it may be a bargain. However, it is important to do your own research to make sure the company is a good long-term investment.

VI Peers

The company has a lot of competition, some of which include Salem Media Group Inc, Tegna Inc, and Cumulus Media Inc. Entravision Communications Corp has been able to stay ahead of the competition by providing quality programming and services to its customers.

– Salem Media Group Inc ($NASDAQ:SALM)

Salem Media Group, Inc. is a multimedia company specializing in Christian and Conservative content. The company operates in three segments: Broadcast, Digital Media, and Publishing. The Broadcast segment owns and operates radio stations in the United States. The Digital Media segment provides online Christian and Conservative content. The Publishing segment publishes Christian books and magazines.

– Tegna Inc ($NYSE:TGNA)

Tegna is a media company that owns and operates 61 television stations in 51 markets across the United States. The company also operates the website Cars.com and the mobile app TEGNA Drive. Tegna’s market cap is 4.24B as of 2022 and its ROE is 20.09%. The company’s mission is to inform, entertain, and empower people through the power of great stories.

– Cumulus Media Inc ($NASDAQ:CMLS)

Cumulus Media Inc is a company that owns and operates radio stations in the United States. The company has a market capitalization of 138.56 million as of 2022 and a return on equity of 16.7%. The company’s radio stations are primarily located in large cities such as New York, Los Angeles, Chicago, and San Francisco. The company also owns and operates a number of radio stations in smaller markets.

Summary

If you’re looking for a media stock that’s flying under the radar, Entravision Communications might be worth a closer look. The company owns and operates television and radio stations across the U.S., as well as digital media properties. What makes Entravision an interesting investment proposition is its focus on the Hispanic market. The company’s stations target Spanish-speaking audiences in key markets such as Los Angeles, Miami, and New York. Entravision is well-positioned to benefit from the growing Hispanic population in the United States. This represents a huge opportunity for media companies that cater to this demographic.

The other thing to like about Entravision is its diversified business model. In addition to its traditional media properties, the company also owns a significant stake in Univision, the leading Spanish-language television network in the country. This gives Entravision a valuable asset in the fast-growing Hispanic market. So if you’re looking for a media stock that could be a big winner in the years ahead, Entravision Communications is worth a closer look.