Lamar Advertising Company (LAMR) Receives Analyst Rating

Lamar Advertising Company (LAMR) : 6 analysts are covering Lamar Advertising Company (LAMR) and their average rating on the stock is 2.33, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Lamar Advertising Company (LAMR) : The most positive equity analysts on Lamar Advertising Company (LAMR) expects the shares to touch $73, whereas, the least positive believes that the stock will trade at $59 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $65.6 with an expected fluctuation of $5.08 from the mean.


Lamar Advertising Company (NASDAQ:LAMR): After opening at $59.9, the stock dipped to an intraday low of $59.85 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $61.205 and the buying power remained strong till the end. The stock closed at $61.1 for the day, a gain of 1.82% for the day session. The total traded volume was 585,202. The stocks close on the previous trading day was $60.01.

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, Inc.

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