Clear Channel Outdoor Holdings Inc. (CCO) Trading Down 3.9%
Clear Channel Outdoor Holdings Inc. (NYSE:CCO) shares dropped 3.9% during trading on Thursday . The company traded as low as $6.68 and last traded at $6.73, with a volume of 60,644 shares trading hands. The stock had previously closed at $7.00.
CCO has been the subject of a number of analyst reports. Zacks Investment Research downgraded Clear Channel Outdoor Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 27th. Evercore ISI downgraded 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 increased their price target on Clear Channel Outdoor Holdings from $4.00 to $6.00 and gave the company a “neutral” rating in a report on Thursday, May 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $4.88.
The stock has a market cap of $2.42 billion and a P/E ratio of 31.90. The company has a 50-day moving average price of $6.52 and a 200-day moving average price of $5.27.
An institutional investor recently raised its position in Clear Channel Outdoor Holdings stock. BBT Capital Management LLC boosted its position in shares of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) by 3.0% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 807,867 shares of the company’s stock after buying an additional 23,500 shares during the period. BBT Capital Management LLC owned 0.22% of Clear Channel Outdoor Holdings worth $4,516,000 as of its most recent SEC filing.
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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