Clear Channel Outdoor Holdings Inc. (CCO) Sees Strong Trading Volume
Shares of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) saw strong trading volume on Thursday . 127,446 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 114,733 shares.The stock last traded at $6.74 and had previously closed at $6.60.
Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Clear Channel Outdoor Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. TheStreet upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 9th. Evercore ISI cut shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research report on Friday, May 13th. Finally, Wedbush upped their price objective on shares of Clear Channel Outdoor Holdings from $4.00 to $6.00 and gave the stock a “neutral” rating in a research report on Thursday, May 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $4.88.
The company’s 50-day moving average price is $6.63 and its 200 day moving average price is $5.41. The firm has a market cap of $2.40 billion and a price-to-earnings ratio of 332.50.
Clear Channel Outdoor Holdings (NYSE:CCO) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.22. The company earned $712.15 million during the quarter, compared to analyst estimates of $721.57 million. On average, equities analysts predict 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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