Clear Channel Outdoor Holdings Inc. (NYSE:CCO) shares saw unusually-high trading volume on Tuesday . Approximately 161,938 shares traded hands during trading, an increase of 3% from the previous session’s volume of 157,726 shares.The stock last traded at $6.57 and had previously closed at $6.58.

CCO has been the topic of several analyst reports. Zacks Investment Research lowered Clear Channel Outdoor Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 27th. Evercore ISI lowered Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a report on Friday, May 13th. TheStreet raised Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Finally, Wedbush raised their target price on Clear Channel Outdoor Holdings from $4.00 to $6.00 and gave the stock a “neutral” rating in a report on Thursday, May 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Clear Channel Outdoor Holdings currently has a consensus rating of “Hold” and an average price target of $4.88.

The stock has a 50-day moving average price of $6.39 and a 200 day moving average price of $5.16. The firm has a market cap of $2.40 billion and a P/E ratio of 31.66.

Several hedge funds have recently bought and sold shares of CCO. BBT Capital Management LLC increased its stake in Clear Channel Outdoor Holdings by 3.0% in the fourth quarter. BBT Capital Management LLC now owns 807,867 shares of the company’s stock valued at $4,516,000 after buying an additional 23,500 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Clear Channel Outdoor Holdings by 2.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,819,314 shares of the company’s stock valued at $10,170,000 after buying an additional 36,600 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in Clear Channel Outdoor Holdings by 3.0% in the fourth quarter. Gabelli Funds LLC now owns 2,747,144 shares of the company’s stock valued at $15,357,000 after buying an additional 80,000 shares during the last quarter.

Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company owns and operates billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. It operates in two segments: Americas outdoor advertising (Americas) and International outdoor advertising (International).

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