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Entravision Communications shares sink to year low – Entravision Communications shares drop to 52-week bottom after Citi analyst downgrades stock From: money.cnn.com
Tagged: Entravision, Spanish-languagePosted on: June 9th, 2008
Shares of Spanish-language media company Entravision Communications Corp. sank to a new year low Friday after a Citi analyst downgraded the stock, citing concerns over lower ad revenue and a legal dispute.
Shares dropped $1.07, or 19 percent, to $4.71, as Citi analyst Tony Wible cut his rating to “Hold” from “Buy.” and the broader markets sold off on a bigger-than-expected rise in unemployment and a surge in crude oil prices. Earlier in the session, the stock hit a new annual low of $4.46.”*
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