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The latest update is out from oOh media Ltd ( (AU:OML) ).
oOh!media Limited announced that its contract with Auckland Transport, which accounted for 4% of its FY24 revenue, will not be renewed upon its expiration in September 2025. Despite this setback, the company remains confident in maintaining its leading position in the New Zealand Out Of Home market, emphasizing its diverse lease maturity profile and strong contract discipline to ensure sustainable growth and returns.
The most recent analyst rating on (AU:OML) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on oOh media Ltd stock, see the AU:OML Stock Forecast page.
More about oOh media Ltd
oOh!media is a prominent Out of Home media company that enhances public spaces by creating engaging environments. It helps advertisers, landlords, leaseholders, community organizations, local councils, and governments reach large and diverse public audiences through its extensive network of over 35,000 digital and static asset locations. The company operates across roadsides, retail centers, airports, train stations, bus stops, office towers, and universities, employing around 800 people in Australia and New Zealand. oOh!media is listed on the ASX and reported revenues of $636 million in 2024. It also owns the Cactus printing business and invests heavily in technology to offer sophisticated data techniques for accurate audience targeting.
Average Trading Volume: 1,016,338
Technical Sentiment Signal: Buy
Current Market Cap: A$932.1M
For detailed information about OML stock, go to TipRanks’ Stock Analysis page.