Clear Channel Outdoor Holdings Inc. (CCO) Stock Price Up 1%
Clear Channel Outdoor Holdings Inc. (NYSE:CCO) rose 1% during trading on Tuesday . The stock traded as high as $6.97 and last traded at $6.83, with a volume of 66,595 shares traded. The stock had previously closed at $6.76.
CCO has been the subject of several research analyst reports. TheStreet upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 9th. Zacks Investment Research upgraded Clear Channel Outdoor Holdings from a “hold” rating to a “strong-buy” rating and set a $7.50 price target for the company in a research note on Tuesday, July 5th. Evercore ISI dropped their price target on Clear Channel Outdoor Holdings from $5.00 to $4.00 in a research note on Wednesday, April 6th. Finally, Wedbush upped their price target on Clear Channel Outdoor Holdings from $4.00 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, May 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given 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 company has a market capitalization of $2.46 billion and a P/E ratio of 32.42. The firm has a 50 day moving average of $6.45 and a 200 day moving average of $5.21.
An institutional investor recently raised its position in Clear Channel Outdoor Holdings stock. BBT Capital Management LLC raised its stake in Clear Channel Outdoor Holdings Inc. (NYSE:CCO) by 3.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 807,867 shares of the company’s stock after buying an additional 23,500 shares during the period. BBT Capital Management LLC owned 0.22% of Clear Channel Outdoor Holdings worth $4,516,000 as of its most recent SEC filing.
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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