Clear Channel Outdoor Holdings (CCO) Earns Daily Coverage Optimism Rating of 0.06
News headlines about Clear Channel Outdoor Holdings (NYSE:CCO) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Clear Channel Outdoor Holdings earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 45.5134199941614 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Clear Channel Outdoor Holdings (NYSE:CCO) traded up 2.53% during trading on Monday, reaching $4.05. 63,147 shares of the company were exchanged. Clear Channel Outdoor Holdings has a 12 month low of $3.35 and a 12 month high of $6.85. The firm has a market capitalization of $1.46 billion, a PE ratio of 40.50 and a beta of 1.55. The stock has a 50 day moving average price of $4.41 and a 200 day moving average price of $4.81.
Clear Channel Outdoor Holdings (NYSE:CCO) last released its earnings results on Thursday, August 3rd. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). Clear Channel Outdoor Holdings had a net margin of 1.40% and a negative return on equity of 3.35%. The business had revenue of $672.32 million for the quarter, compared to analysts’ expectations of $672.22 million. On average, analysts expect that Clear Channel Outdoor Holdings will post ($0.09) EPS for the current fiscal year.
A number of analysts have recently commented on CCO shares. ValuEngine cut shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research cut shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.81.
Clear Channel Outdoor Holdings Company Profile
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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