Lamar Advertising (NASDAQ:LAMR) Lowered to Hold at StockNews.com

On August 19, 2021, Lamar Advertising (NASDAQ:LAMR) was lowered from a "Buy" to a "Hold" rating by StockNews.com. This means that the website no longer recommends buying the stock, but it does not recommend selling it either.

Lamar Advertising is a leading provider of outdoor advertising solutions in North America. The company operates through three segments: Outdoor Advertising, Digital Out-of-Home Advertising, and International. Its Outdoor Advertising segment includes billboards, transit advertising, and other out-of-home advertising formats. The Digital Out-of-Home Advertising segment focuses on digital advertising solutions such as digital billboards, mobile advertising, and other digital out-of-home advertising formats. The International segment includes outdoor advertising in Europe, Australia, and Latin America.

In the second quarter of 2021, Lamar Advertising reported revenue of $547.3 million, a 16.9% increase from the same period last year. Net income for the quarter was $18.2 million, a 12.3% increase from the same period last year.

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