Clear Channel Outdoor Holdings Inc. (CCO) Trading Down 3.4%
Clear Channel Outdoor Holdings Inc. (NYSE:CCO) traded down 3.4% during trading on Tuesday . The company traded as low as $7.00 and last traded at $7.00, with a volume of 649,937 shares changing hands. The stock had previously closed at $7.25.
A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Clear Channel Outdoor Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. TheStreet raised shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 9th. Evercore ISI downgraded shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research report on Friday, May 13th. Finally, Wedbush increased their price objective on shares of Clear Channel Outdoor Holdings from $4.00 to $6.00 and gave the company a “neutral” rating in a research report on Thursday, May 5th. Two 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 currently has an average rating of “Hold” and a consensus target price of $4.88.
The stock’s 50-day moving average is $6.77 and its 200 day moving average is $5.63. The company has a market capitalization of $2.52 billion and a price-to-earnings ratio of 350.00.
Clear Channel Outdoor Holdings (NYSE:CCO) last released its earnings results on Thursday, August 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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. On average, equities 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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