Clear Channel Outdoor Holdings Inc. (CCO) Trading 1.8% Higher
Clear Channel Outdoor Holdings Inc. (NYSE:CCO) traded up 1.8% during trading on Friday . The company traded as high as $6.81 and last traded at $6.77, with a volume of 155,971 shares trading hands. The stock had previously closed at $6.65.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Clear Channel Outdoor Holdings from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 5th. 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 research note on Thursday, May 5th. Evercore ISI cut Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Friday, May 13th. Finally, TheStreet upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.88.
The stock has a market cap of $2.45 billion and a price-to-earnings ratio of 340.50. The firm’s 50-day moving average price is $6.63 and its 200 day moving average price is $5.41.
Clear Channel Outdoor Holdings (NYSE:CCO) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.22. The business had revenue of $712.15 million for the quarter, compared to analyst estimates of $721.57 million. On average, equities research analysts anticipate that Clear Channel Outdoor Holdings Inc. will post $0.31 EPS for the current fiscal year.
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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