LONDON, UK / ACCESSWIRE / February 02, 2018 / Active-Investors.com has just released a free research report on Outfront Media Inc. (NYSE: OUT). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=OUT as the Company's latest news hit the wire. On January 31, 2018, the Company, which is one of the largest out-of-home media Companies in the US, declared that it has been awarded a new 10-year contract to sell advertising on the Los Angeles County Metropolitan Transportation Authority ("LACMTA") Metro Bus system. The contract is subject to the execution of a definitive agreement. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Outfront Media most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Outfront Media's Relationship with LACMTA

Outfront Media has had a long-standing relationship with LACMTA. Previously, on March 08, 2016, LACMTA had allowed Outfront Media's licenses to continue selling and displaying advertising on LACMTA Metro buses and Metro rail stations and cars until December 31, 2017. Besides, LACMTA also authorized Outfront Media to expand its existing Metro Rail 2-sheet ad panel business, which was earlier only on Metro's Red/Purple lines, to include the Expo, Gold, Blue, and Green Lines.

Outfront Media's existing contract with LACMTA expired on December 31, 2017. At present, the Company is operating under an extension. Although the Company has got a new contract for the bus system, it has not yet been given any new contract to sell advertising on the LACMTA Metro Rail system. The Company generated advertising revenues of approximately $3.1 million from the rail portion of the contract for the year ended December 31, 2016.

Outfront Media Offers Smart Advertising Solutions for Bus and Rail

Outfront Media connects brands with consumers through its large and diverse sets of billboard, transit, and mobile assets in North America.

Its ON Smart Media platform is a cloud-based, app-driven ecosystem that combines hardware, software, content, and data to deliver relevant and engaging messages at a never-seen-before-scale out of home. It brings together the visual impact of outdoor with the dynamism of digital smart billboards. Its new intelligent and connected inventory is changing the way content is being delivered in the physical world.

Outfront Media makes an impact on commuters and residents in major metro areas through its transit advertising in bus and rail. In fact, Outfront Media is the largest provider of transit advertising, and currently sells advertising for transit authorities in Los Angeles, Orange County, New York, Washington D.C., Atlanta, Detroit, and Miami.

Outfront Media's Recent Agreement with New York Metropolitan Transportation Authority

On September 27, 2017, Outfront Media announced that the Board of Directors of the New York Metropolitan Transportation Authority (MTA) has awarded it with the advertising and communications concession agreements for subway, commuter rail and buses, as well as billboards. This contract was also subject to the execution of definitive agreements.

This award will extend Outfront Media's successful, long-term public-private partnership with the MTA. Alongside, it will also create new opportunities for the MTA to provide real-time and intelligent communications to its customers and generate advertising revenue.

Outfront Media To Share Fourth Quarter And Full Year 2017 Results On February 27, 2018

On January 22, 2018, Outfront Media announced that it would report results for the quarter and year ended December 31, 2017, on February 27, 2018, after market close.

Stock Performance Snapshot

February 01, 2018 - At Thursday's closing bell, Outfront Media's stock was marginally up 0.36%, ending the trading session at $22.48.

Volume traded for the day: 838.84 thousand shares, which was above the 3-month average volume of 815.16 thousand shares.

Stock performance in the previous six-month period ? up 1.12%;

After yesterday's close, Outfront Media's market cap was at $3.13 billion.

Price to Earnings (P/E) ratio was at 26.89.

The stock has a dividend yield of 6.41%.

The stock is part of the Services sector, categorized under the Marketing Services industry.

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