Shares of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) fell 3.9% on Thursday . The stock traded as low as $6.68 and last traded at $6.73, with a volume of 60,644 shares changing hands. The stock had previously closed at $7.00.

CCO has been the subject of a number of research reports. Wedbush raised their price objective on Clear Channel Outdoor Holdings from $4.00 to $6.00 and gave the stock a “neutral” rating in a research report on Thursday, May 5th. Zacks Investment Research upgraded Clear Channel Outdoor Holdings from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 5th. Evercore ISI reduced their price objective on Clear Channel Outdoor Holdings from $5.00 to $4.00 in a research report on Wednesday, April 6th. Finally, TheStreet upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $4.88.

The stock has a 50-day moving average price of $6.53 and a 200 day moving average price of $5.28. The company has a market capitalization of $2.52 billion and a price-to-earnings ratio of 33.13.

An institutional investor recently raised its position in Clear Channel Outdoor Holdings stock. BBT Capital Management LLC increased its position in shares of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 807,867 shares of the company’s stock after buying an additional 23,500 shares during the period. BBT Capital Management LLC owned about 0.22% of Clear Channel Outdoor Holdings worth $4,516,000 at the end of the most recent reporting period.

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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