Clear Channel Outdoor Holdings Inc. (CCO) Sees Strong Trading Volume
Shares of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) saw strong trading volume on Monday . 152,380 shares were traded during mid-day trading, an increase of 5% from the previous session’s volume of 145,497 shares.The stock last traded at $7.00 and had previously closed at $6.84.
A number of research analysts have issued reports on the company. 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. Wedbush lifted their target price on Clear Channel Outdoor Holdings from $4.00 to $6.00 and gave the company a “neutral” rating in a research report on Thursday, May 5th. Evercore ISI cut Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research report on Friday, May 13th. 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, three have issued a hold rating and one has assigned a buy rating to the company. Clear Channel Outdoor Holdings presently has a consensus rating of “Hold” and an average target price of $4.88.
The stock has a market cap of $2.61 billion and a PE ratio of 362.50. The company’s 50 day moving average price is $6.76 and its 200 day moving average price is $5.60.
Clear Channel Outdoor Holdings (NYSE:CCO) last issued its quarterly 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 firm earned $712.15 million during the quarter, compared to analysts’ expectations of $721.57 million. On average, equities research 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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