Clear Channel Outdoor Holdings Inc. (CCO) Shares Up 1.8%
Clear Channel Outdoor Holdings Inc. (NYSE:CCO) shot up 1.8% during mid-day trading on Friday . The stock traded as high as $6.81 and last traded at $6.77, with a volume of 155,971 shares. The stock had previously closed at $6.65.
Several research firms have issued reports on CCO. Zacks Investment Research raised shares of Clear Channel Outdoor Holdings from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 5th. Wedbush raised their price target on shares of 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. Evercore ISI cut shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Friday, May 13th. Finally, TheStreet raised shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.88.
The company has a market cap of $2.45 billion and a price-to-earnings ratio of 340.50. The firm has a 50-day moving average of $6.63 and a 200 day moving average of $5.42.
Clear Channel Outdoor Holdings (NYSE:CCO) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.22. The company had revenue of $712.15 million for the quarter, compared to analyst estimates of $721.57 million. Equities research analysts anticipate that Clear Channel Outdoor Holdings Inc. will post $0.31 earnings per share for the current 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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