Wedbush Morgan Initiates Coverage on Entravision Communications (EVC) with a Buy
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Wedbush Morgan initiates coverage on Entravision Communications (NYSE: EVC) with a Buy. Price target $2.
Wedbush analyst says, "“Go-to” operator of Univision TV affiliates faces auto advertising collapse, tighter debt covenants. Favorable risk/reward from Univision overhang, in our view. $2 price target supported by DCF valuation."
Entravision Communications Corporation and its wholly owned subsidiaries is a Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico.
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