Outfront Media Inc. OUT was a big mover last session, as the company saw its shares rise more than 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company-as the stock is now up 8.7% in the past one-month time frame.
The upside was driven by the announcement of the company that it has been recommended to be awarded concessions for advertising on New York City's mass transit platforms.
The company has seen one negative estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
OUTFRONT Media Inc. Price
OUTFRONT Media Inc. Price | OUTFRONT Media Inc. Quote
Outfront Mediacurrently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Finance sector is Getty Realty Corp. GTY , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Getty Realty Corporation (GTY): Free Stock Analysis Report OUTFRONT Media Inc. (OUT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research