Stock Worth Mentioning: Today Outfront Media Inc Stock Reaches 52-Week High

Stock Worth Mentioning: Today Outfront Media Inc Stock Reaches 52 Week High

The stock of Outfront Media Inc (NYSE:OUT) hit a new 52-week high and has $26.32 target or 8.00% above today’s $24.37 share price. The 5 months bullish chart indicates low risk for the $3.42 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $26.32 price target is reached, the company will be worth $273.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 481,583 shares traded hands. Outfront Media Inc (NYSE:OUT) has risen 7.27% since April 20, 2016 and is uptrending. It has outperformed by 2.72% the S&P500.

Outfront Media Inc (NYSE:OUT) Ratings Coverage

Out of 5 analysts covering Outfront Media Inc (NYSE:OUT), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Outfront Media Inc has been the topic of 5 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, October 5 by Goldman Sachs. The company was downgraded on Tuesday, August 18 by Wells Fargo. Gabelli initiated the shares of OUT in a report on Friday, July 22 with “Hold” rating. Wedbush initiated the stock with “Neutral” rating in Friday, July 22 report. The firm has “Hold” rating given on Tuesday, September 13 by Loop Capital.

According to Zacks Investment Research, “Outfront Media, Inc. is a lessor of advertising space on out-of-home advertising structures and sites across the United States, Canada and Latin America. The Company’s portfolio primarily consists of billboard displays. It provides other value-added services to its customers, such as pre-campaign category research, creative design support and post-campaign tracking and analytics. The Company’s media products also include bulletins and wallscapes, spectaculars, digital billboards, buses and street furniture. It serves a range of customers that includes consumer-focused companies in the entertainment, retail, healthcare, telecom, restaurant, financial services, travel and leisure and automotive industries. Outfront Media Inc., formerly known as CBS Outdoor Americas Inc., is headquartered in New York.”

More notable recent Outfront Media Inc (NYSE:OUT) news were published by: Forbes.com which released: “OUTFRONT Media Named Top Dividend Stock With Insider Buying and 5.92% Yield (OUT)” on November 21, 2016, also Prnewswire.com with their article: “OUTFRONT Media Reports Third Quarter 2016 Results” published on November 07, 2016, Prnewswire.com published: “OUTFRONT Media Awarded Advertising Rights By The Massachusetts Bay …” on September 20, 2016. More interesting news about Outfront Media Inc (NYSE:OUT) were released by: Prnewswire.com and their article: “OUTFRONT Media Hires Joel Melby As Chief Technology Officer To Strengthen Its …” published on October 11, 2016 as well as Prnewswire.com‘s news article titled: “OUTFRONT Media Expands On Washington Metropolitan Area Transit Authority …” with publication date: September 14, 2016.

OUT Company Profile

OUTFRONT Media Inc., formerly CBS Outdoor Americas Inc., incorporated on December 30, 2013, is a well-known provider of advertising space on out-of-home advertising structures and sites across the United States, Canada and Latin America. The Company’s inventory consists of billboard displays and transit advertising displays. The Firm operates through two divisions: United States and International. The United States segment includes the Company’s activities in the United States. The International segment includes the Company’s activities in Canada and Latin America, including Mexico, Argentina, Brazil, Chile and Uruguay. Along with leasing displays, the Company provides other services to customers, such as pre-campaign category research, consumer insights, creative design support, vinyl production, and post-campaign tracking and analytics. The Company’s locations portfolio includes sites, such as the Bay Bridge in San Francisco, various locations along Sunset Boulevard in Los Angeles, and various sites in and around both Grand Central Station and Times Square in New York.

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