|Bid||34.51 x 12100|
|Ask||35.24 x 2500|
|Day's Range||35.48 - 36.48|
|52 Week Range||27.02 - 36.48|
|PE Ratio (TTM)||35.56|
|Forward Dividend & Yield||0.63 (1.82%)|
|1y Target Est||N/A|
Paris' pioneering Velib bicycle hire service, which has been copied from London to Seattle, has ground to a virtual standstill after the new concession holder failed to install revamped docking stations on schedule. In May 2017, Paris awarded a new contract to the French-Spanish Smovengo consortium to operate its bike-sharing scheme from 2018 to 2032, replacing outdoor advertising group JCDecaux, (JCDX.PA) which had run it since 2007. Very few docking stations have been installed and hardly any bikes are available," said Charles Maguin, head of Paris cyclist organisation Paris en Selle.
The two groups will merge their out of home (OOH) advertising businesses, with JCDecaux holding 60 percent of the new company, JCD Out Of Home Mexico, S.A. de C.V. (JCDecaux MX), and the rest held by a wholly owned subsidiary of America Movil, JCDecaux said. "[The deal] will enable us to offer our clients a better geographical coverage, notably in Mexico City, in street furniture advertising and diversify our portfolio of assets with bridges and shopping malls," Co-Chief Executive Jean-Charles Decaux said in a statement.
French outdoor advertising company JCDecaux is no longer planning to reduce investments in Britain, which it had considered following the country's vote to leave the European Union, after "a good first quarter", its co-CEO told Reuters. The family-run company had said last year it would review the number of advertising screens it was installing in Britain following the Brexit vote. "For now, we decided not to reduce (investments) because sales are better than expected," chief executive Jean-Francois Decaux told Reuters.