Clear Channel Outdoor Holdings Inc. (CCO) Trading Up 3.2%
Shares of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) were up 3.2% during mid-day trading on Friday . The stock traded as high as $6.84 and last traded at $6.80, with a volume of 111,750 shares traded. The stock had previously closed at $6.59.
Several analysts recently issued reports on CCO shares. Wedbush increased 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. Zacks Investment Research upgraded Clear Channel Outdoor Holdings from a “strong sell” rating to a “hold” rating in a report on Thursday, May 5th. Evercore ISI lowered Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a report on Friday, May 13th. Finally, TheStreet upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $4.88.
The company has a 50-day moving average of $6.72 and a 200-day moving average of $5.53. The firm has a market cap of $2.46 billion and a PE ratio of 342.00.
Clear Channel Outdoor Holdings (NYSE:CCO) last released its earnings results on Thursday, August 4th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.22. The business had revenue of $712.15 million for the quarter, compared to analysts’ expectations of $721.57 million. On average, analysts anticipate that Clear Channel Outdoor Holdings Inc. will post $0.26 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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