Clear Channel Outdoor Holdings Reaches New 12-Month Low at $6.92 (CCO)
Shares of Clear Channel Outdoor Holdings (NYSE:CCO) hit a new 52-week low on Tuesday , StockRatingsNetwork.com reports. The company traded as low as $6.92 and last traded at $7.00, with a volume of 36,589 shares. The stock had previously closed at $6.99.
Several analysts have recently commented on the stock. Analysts at Evercore Partners upgraded shares of Clear Channel Outdoor Holdings from an “underweight” rating to an “equal weight” rating in a research note on Monday, August 4th. They now have a $7.00 price target on the stock. Analysts at Zacks upgraded shares of Clear Channel Outdoor Holdings from an “underperform” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $7.90 price target on the stock.
The stock’s 50-day moving average is $7.53 and its 200-day moving average is $8.37. The company’s market cap is $2.495 billion.
Clear Channel Outdoor Holdings (NYSE:CCO) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.11. Analysts expect that Clear Channel Outdoor Holdings will post $-0.07 EPS for the current fiscal year.
Clear Channel Outdoor Holdings, Inc provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes, spectaculars, neons and mall displays, which it owns or operates in global markets.
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