Shares of OUTFRONT Media Inc. (NYSE:OUT) traded at a new 52-week high today of $29.00. This new high was reached on below average trading volume as 208,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.
Outfront Media Inc is a real estate investment trust involved in the ownership of advertising space on its portfolio of billboards and transit displays. The firm generates revenue in the form of rental income by allowing other companies to advertise on its properties and structures under short-term contracts. Outfront Media segments its operations into the United States and International units. Although it also owns assets in Canada and Latin America, the company derives the vast majority of its revenue from billboard advertising agreements in the U.S. Roughly half of the U.S division’s revenue comes from its displays in the New York City and Los Angeles markets. Outfront Media’s major customers include entities within the retail, television, healthcare, and entertainment industries.
In the past 52 weeks, OUTFRONT Media Inc. share prices are bracketed by a low of $20.49 and a high of $29.00 and is now at $28.94, 41% above that low price.
OUTFRONT Media Inc. (NYSE:OUT) is currently priced 1.8% above its average consensus analyst price target of $28.43.
Receive IBN Spotlights – “Bite Size” Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About IBN (InvestorBrandNetwork)
IBN consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and Code Editorial Syndication to 5,000+ broadcast outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign and the NEW normal.
For more information on IBN, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer