Lamar Advertising Reaches New 52-Week High (LAMR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Lamar Advertising (Nasdaq: LAMR) hit a new 52-week high Monday as it is currently trading at $37.54, above its previous 52-week high of $36.59 with 74,726 shares traded as of 9:31 a.m. ET. Average volume has been 993,500 shares over the past 30 days.

Lamar Advertising has a market cap of $2.77 billion and is part of the services sector and media industry. Shares are up 32.8% year to date as of the close of trading on Friday.

Lamar Advertising Company, together with its subsidiaries, provides outdoor advertising services. Its outdoor advertising displays include billboards, such as bulletins, posters, and digital billboards; and logo signs to advertise nearby gas, food, camping, lodging, and other attractions. The company has a P/E ratio of 3526, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lamar Advertising as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full Lamar Advertising Ratings Report.

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