OUTFRONT Media (OUT) Earning Somewhat Favorable Press Coverage, Report Finds
Headlines about OUTFRONT Media (NYSE:OUT) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. OUTFRONT Media earned a news impact score of 0.05 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.9996394551051 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- OUTFRONT Media Inc. (OUT) Lowered to “Hold” at ValuEngine (americanbankingnews.com)
- Outfront Media : BILLBOARD AT GREAT NOTCH INN SITE IS NIXED (4-traders.com)
- (OUT) Shares now down at $22.16 OUTFRONT Media Chief Executive Officer… (highlightpress.com)
- OUTFRONT Media Chief Executive Officer Jeremy Male to Participate in the 2017 Goldman Sachs Communacopia Conference (finance.yahoo.com)
Shares of OUTFRONT Media (OUT) opened at 21.91 on Monday. OUTFRONT Media has a 12-month low of $20.72 and a 12-month high of $27.89. The stock’s 50 day moving average price is $22.44 and its 200 day moving average price is $24.15. The company has a market cap of $3.04 billion, a P/E ratio of 29.25 and a beta of 1.14.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date is Thursday, September 7th. OUTFRONT Media’s payout ratio is presently 189.48%.
A number of brokerages have weighed in on OUT. ValuEngine downgraded OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Friday. Barrington Research reiterated an “outperform” rating and issued a $26.00 target price (down from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. BidaskClub downgraded OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Finally, Loop Capital upgraded OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. OUTFRONT Media has an average rating of “Hold” and an average target price of $29.71.
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About OUTFRONT Media
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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