Clear Channel Outdoor Holdings Inc. (CCO) Shares Down 2.6%
Clear Channel Outdoor Holdings Inc. (NYSE:CCO)’s share price was down 2.6% during trading on Wednesday . The stock traded as low as $6.49 and last traded at $6.49, with a volume of 91,084 shares. The stock had previously closed at $6.66.
CCO has been the topic of several analyst reports. Zacks Investment Research downgraded Clear Channel Outdoor Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Evercore ISI downgraded Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a report on Friday, May 13th. TheStreet upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Finally, Wedbush lifted their price objective 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 investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $4.88.
The firm’s 50 day moving average price is $6.72 and its 200 day moving average price is $5.53. The stock has a market capitalization of $2.37 billion and a price-to-earnings ratio of 329.50.
Clear Channel Outdoor Holdings (NYSE:CCO) last issued its earnings results 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 earned $712.15 million during the quarter, compared to the consensus estimate of $721.57 million. Analysts predict that Clear Channel Outdoor Holdings Inc. will post $0.26 earnings per share 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.