Lamar Advertising (LAMR) Given Daily Media Sentiment Score of 0.24
Media stories about Lamar Advertising (NASDAQ:LAMR) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lamar Advertising earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.2990952721187 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Lamar Advertising Company Announces Redemption of 5 7/8% Senior Subordinated Notes Due 2022 – GlobeNewswire (press release) (globenewswire.com)
- Notable Thursday Option Activity: OFG, SQ, LAMR (nasdaq.com)
- Lamar Advertising Company — Moody’s says Lamar’s ratings are unchanged following the upsize of the term loan B (finance.yahoo.com)
- Lamar Advertising Company — Moody’s assigns Baa3 rating to Lamar’s senior credit facility and new term loan B; existing senior notes downgraded to Ba2 (finance.yahoo.com)
A number of equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. BidaskClub downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Morgan Stanley boosted their target price on shares of Lamar Advertising from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Citigroup downgraded shares of Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 target price for the company. in a report on Wednesday, December 20th. Finally, ValuEngine downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $72.25.
In related news, Director Stephen P. Mumblow sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $78.33, for a total value of $313,320.00. Following the completion of the sale, the director now directly owns 11,031 shares in the company, valued at $864,058.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 14.70% of the stock is currently owned by insiders.
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Lamar Advertising Company Profile
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.
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