Clear Channel Outdoor Holdings (CCO) Earning Positive News Coverage, Report Shows
Media headlines about Clear Channel Outdoor Holdings (NYSE:CCO) have been trending positive recently, AlphaOne reports. The research firm, a service of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Clear Channel Outdoor Holdings earned a news sentiment score of 0.34 on AlphaOne’s scale. AlphaOne also assigned headlines about the business services provider an impact score of 81 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the immediate future.
Several equities research analysts have weighed in on CCO shares. TheStreet raised Clear Channel Outdoor Holdings from a “d+” rating to a “c” rating in a research note on Thursday, March 23rd. Zacks Investment Research raised Clear Channel Outdoor Holdings from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research note on Tuesday, January 10th. Finally, Wedbush reduced their price objective on Clear Channel Outdoor Holdings from $6.00 to $5.75 and set a “neutral” rating on the stock in a research note on Friday, February 24th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.69.
Shares of Clear Channel Outdoor Holdings (NYSE:CCO) traded down 1.63% during midday trading on Tuesday, reaching $6.05. The company’s stock had a trading volume of 27,109 shares. The stock has a market capitalization of $2.18 billion, a PE ratio of 15.51 and a beta of 1.44. Clear Channel Outdoor Holdings has a 52 week low of $4.45 and a 52 week high of $7.31. The company has a 50 day moving average price of $5.84 and a 200-day moving average price of $5.47.
Clear Channel Outdoor Holdings (NYSE:CCO) last posted its earnings results on Thursday, February 23rd. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.22. Clear Channel Outdoor Holdings had a negative net margin of 0.05% and a negative return on equity of 3.04%. The business had revenue of $726.47 million for the quarter, compared to analyst estimates of $731.96 million. On average, equities research analysts expect that Clear Channel Outdoor Holdings will post ($0.11) EPS for the current year.
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About Clear Channel Outdoor Holdings
Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. Its segments include Americas outdoor advertising (Americas) and International outdoor advertising (International).
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