It’s been a tough spring for Hispanic-focused broadcast media company Entravision. Most of its revenue growth is coming from retransmission fees, and from its investment in Headway.
Layoffs were recently seen.
Now, its stock is flirting once again with falling below $4.
If that happens, Entravision will hit a new five-year low. The $4 benchmark is critical, as EVC shares last dipped below that mark in September 2014, reaching $3.96.
That was a momentary blip: It was April 2013 when Entravision consistently closed above $3.90.
With Tuesday’s Closing Bell on Wall Street, EVC finished at $4.10, down 1.2%.
With a 1-year Target Estimate of $8, Entravision shares were at $7.40 in late January and as high as $7.75 in early December 2017.
Perhaps this presents a bargain to the institutional investors Entravision Treasurer and EVP/CFO Christopher T. Young will be conversing with on Thursday in New York.
Young will be presenting at the Gabelli & Company 10th annual Entertainment & Broadcasting Symposium in New York on June 7, delivering his message to the investment community at 3:30pm Eastern.
The presentation will be made available to the public via live audio webcast, which can be accessed by visiting the investor relations section of Entravision’s corporate website at http://www.entravision.com.
Entravision did not disclose its presence at the Gabelli symposium until today (6/5).