Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.42.

A number of brokerages recently weighed in on CCO. Zacks Investment Research upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “buy” rating and set a $5.50 price target for the company in a research note on Wednesday, July 19th. BidaskClub upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. TheStreet cut shares of Clear Channel Outdoor Holdings from a “c” rating to a “d” rating in a research note on Thursday, May 4th. Finally, ValuEngine cut shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd.

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A number of hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. boosted its stake in shares of Clear Channel Outdoor Holdings by 2.3% in the first quarter. Alliancebernstein L.P. now owns 122,601 shares of the business services provider’s stock worth $742,000 after buying an additional 2,800 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Clear Channel Outdoor Holdings by 16.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,765 shares of the business services provider’s stock worth $126,000 after buying an additional 3,000 shares in the last quarter. Zazove Associates LLC boosted its stake in shares of Clear Channel Outdoor Holdings by 9.1% in the first quarter. Zazove Associates LLC now owns 47,129 shares of the business services provider’s stock worth $285,000 after buying an additional 3,931 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Clear Channel Outdoor Holdings by 15.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 54,919 shares of the business services provider’s stock worth $277,000 after buying an additional 7,260 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Clear Channel Outdoor Holdings by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 146,600 shares of the business services provider’s stock worth $887,000 after buying an additional 8,192 shares in the last quarter. Hedge funds and other institutional investors own 9.15% of the company’s stock.

Clear Channel Outdoor Holdings (NYSE CCO) opened at 5.15 on Tuesday. Clear Channel Outdoor Holdings has a one year low of $3.35 and a one year high of $7.31. The stock’s market cap is $1.86 billion. The company’s 50 day moving average is $4.33 and its 200 day moving average is $4.94.

Clear Channel Outdoor Holdings (NYSE:CCO) last issued its quarterly earnings results on Thursday, May 4th. The business services provider reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07. The firm had revenue of $544.73 million during the quarter, compared to analysts’ expectations of $559.30 million. Clear Channel Outdoor Holdings had a negative net margin of 1.04% and a negative return on equity of 14.75%. On average, equities research analysts expect that Clear Channel Outdoor Holdings will post ($0.11) EPS for the current year.

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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