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Lamar Advertising Company

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Shares of Lamar outperformed its industry over the past six months. Moreover, the stock saw the Zacks Consensus Estimate for 2018 funds from operations (FFO) per share remaining unchanged in a months’ time. Recently, the company reported its fourth-quarter 2017 results, which reflected a year-over-year rise in operating income, adjusted EBITDA and cash flow from operating activities. Notably, Lamar’s strong national presence, tenants from diverse industries and valuable permits augur well for its growth. Moreover, the company’s strategy to focus on portfolio upgradation and expansion is expected to drive long-term profitability. Nonetheless, the dreary environment in the national advertising market remains a concern for the company. Further, high investment expenditures for acquisitions are likely to take a toll on Lamar’s balance sheet. Rate hike adds to its woes.

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