Clear Channel Outdoor Holdings Inc. (CCO) Trading Up 3.2%
Clear Channel Outdoor Holdings Inc. (NYSE:CCO) shares were up 3.2% on Friday . The stock traded as high as $6.84 and last traded at $6.80, with a volume of 111,750 shares changing hands. The stock had previously closed at $6.59.
Several research analysts have weighed in on CCO shares. Zacks Investment Research cut shares of Clear Channel Outdoor Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 15th. TheStreet raised shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Evercore ISI cut shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a report on Friday, May 13th. Finally, Wedbush increased 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 report on Thursday, May 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $4.88.
The firm has a market cap of $2.46 billion and a PE ratio of 342.00. The stock has a 50-day moving average price of $6.74 and a 200 day moving average price of $5.55.
Clear Channel Outdoor Holdings (NYSE:CCO) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.22. The firm had revenue of $712.15 million for the quarter, compared to analysts’ expectations of $721.57 million. Equities research analysts expect that Clear Channel Outdoor Holdings Inc. will post $0.26 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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