Clear Channel Outdoor Holdings Inc. (CCO) Shares Down 2.6%
Clear Channel Outdoor Holdings Inc. (NYSE:CCO) dropped 2.6% during mid-day trading on Wednesday . The company traded as low as $6.49 and last traded at $6.49, with a volume of 91,084 shares trading hands. The stock had previously closed at $6.66.
CCO has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Clear Channel Outdoor Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. TheStreet raised shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 9th. Wedbush upped their price target on shares of Clear Channel Outdoor Holdings from $4.00 to $6.00 and gave the company a “neutral” rating in a research note on Thursday, May 5th. Finally, Evercore ISI downgraded shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Friday, May 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $4.88.
The firm’s 50-day moving average price is $6.70 and its 200-day moving average price is $5.51. The stock has a market cap of $2.36 billion and a price-to-earnings ratio of 327.50.
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 consensus estimate of $0.03 by $0.22. The firm earned $712.15 million during the quarter, compared to analyst estimates of $721.57 million. On average, equities analysts expect 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.