Wedbush Initiates Coverage on Outfront Media Inc to Neutral

Wedbush Initiates Coverage on Outfront Media Inc(NYSE:OUT). The shares have been rated Neutral. The rating by Wedbush was issued on Jul 21, 2016.

Outfront Media Inc (OUT) made into the market gainers list on Wednesdays trading session with the shares advancing 0.50% or 0.12 points. Due to strong positive momentum, the stock ended at $24.12, which is also near the day’s high of $24.19. The stock began the session at $24.01 and the volume stood at 5,43,628 shares. The 52-week high of the shares is $25.91 and the 52 week low is $18.01. The company has a current market capitalization of $3,326 M and it has 13,79,14,320 shares in outstanding.

Outfront Media Inc(OUT) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $348.40M. Analysts had an estimated revenue of $344.94M. Earnings per share were $0.36.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Peter Mathes (director) sold 1,000 shares at $21.92 per share price.Also, On Mar 6, 2015, Nicolas Brien (director) purchased 3,320 shares at $30.11 per share price.

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 Company’s business in 25 markets in the United States. The Company’s 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 Company’s International segment includes its operations in Canada and Latin America including Mexico Argentina Brazil Chile and Uruguay.

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