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Why Entravision (EVC) Stock Might be a Great Pick

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One stock that might be an intriguing choice for investors right now is Entravision Communications Corporation EVC. This is because this security in the Broadcast­­­ Radio and Television space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in Broadcast­­­ Radio and Television space as it currently has a Zacks Industry Rank of 55 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Entravision is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past two months, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Entravision Communications Corporation Price and Consensus

Entravision Communications Corporation Price and Consensus
Entravision Communications Corporation Price and Consensus

Entravision Communications Corporation price-consensus-chart | Entravision Communications Corporation Quote

In fact, over the past 60 days, current quarter estimates have moved from 9 cents per share to 11 cents per share, while current year estimates have moved from 37 cents per share to 41 cents per share. This has helped Entravision to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Entravision. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.


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