OUTFRONT Media (OUT) Shares are Up 1.98%

OUTFRONT Media (OUT) : Traders are bullish on OUTFRONT Media (OUT) as it has outperformed the S&P 500 by a wide margin of 6.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.82%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.98% in the last 1 week, and is up 5.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 6.18% and the 50-Day Moving Average is 5.83%.The 200 Day SMA reached 10.73%


OUTFRONT Media (NYSE:OUT): After opening at $23.73, the stock dipped to an intraday low of $23.33 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $23.92 and the buying power remained strong till the end. The stock closed at $23.65 for the day, a gain of 0.25% for the day session. The total traded volume was 1,759,718. The stocks close on the previous trading day was $23.65.

OUTFRONT Media (OUT) : The consensus price target for OUTFRONT Media (OUT) is $26.4 for the short term with a standard deviation of $2.07. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $29, however, the pessimist price target for the company is $24.

OUTFRONT Media Inc., formerly CBS Outdoor Americas Inc., is a provider of advertising space on out-of-home advertising structures and sites. The Company operates in over 180 markets in the United States, Canada and Latin America. In addition to leasing displays, the Company also provides other services to its customers, such as pre-campaign category research, creative design support and post-campaign tracking and analytics. It manages its business through two segments, United States and International. The United States segment includes the Companys business in 25 markets in the United States. The Companys 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. The Companys International segment includes its operations in Canada and Latin America, including Mexico, Argentina, Brazil, Chile and Uruguay.

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