Lamar Advertising Co (NASDAQ:LAMR) has been upgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 17, 2016
Displaying a price of $61.97, Lamar Advertising Co (NASDAQ:LAMR) traded 0.85% lower on the day. With the last stock price close down 4.03% relative to the two hundred day moving average, compared to the S&P 500 Index which has fallen -0.01% over the same time period. LAMR has logged a 50-day moving average of $63.53 and 200-day average of $63.13. Volume of trade was was up over the average, with 817,741 shares of LAMR changing hands over the typical 574,342 shares.
Zacks Investment Research has upgraded Lamar Advertising Co(NASDAQ:LAMR) to Hold in a statement released Monday August 22 2016.
On 7/22/2016, Gabelli released a statement about Lamar Advertising Co(NASDAQ:LAMR) raised the target price from $0.00 to $64.00 that indicated a possible downside of -0.07%.
In addition to Zacks Investment Research reporting it’s price target, a total of 8 brokerages have reported on Lamar Advertising Co. The average target price is $62.50 with one firm rating the stock a strong buy, two analysts rating the company a buy, six firms rating the stock a hold, 0 rating the company to underperform, and finally 0 brokerages rating the stock as sell.
With a total market value of $0.0, Lamar Advertising Co has a PE of 20 with a one-year low of $49.73 and a 52 week high of $69.35.
General Company Details For Lamar Advertising Co (NASDAQ:LAMR)
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays. As of December 31, 2012, the Company owned and operated over 144, 000 billboard advertising displays in 44 states, Canada and Puerto Rico, over 115, 000 logo advertising displays in 22 states and the province of Ontario, Canada, and operated over 34, 000 transit advertising displays in 15 states, Canada and Puerto Rico. In August 2014, the Company acquired the assets of Marco Outdoor Advertising, and Inc.
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