Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $8.42.

Several research firms have recently commented on CCO. ValuEngine cut shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. TheStreet cut shares of Clear Channel Outdoor Holdings from a “c” rating to a “d” rating in a research note on Thursday, May 4th. Zacks Investment Research raised shares of Clear Channel Outdoor Holdings from a “hold” rating to a “strong-buy” rating and set a $6.00 price target on the stock in a research note on Friday, July 28th. Finally, BidaskClub raised shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 30th.

Clear Channel Outdoor Holdings (NYSE CCO) opened at 4.05 on Friday. The firm has a market capitalization of $1.46 billion, a P/E ratio of 40.50 and a beta of 1.51. Clear Channel Outdoor Holdings has a 12 month low of $3.35 and a 12 month high of $7.31. The stock’s 50 day moving average price is $4.63 and its 200 day moving average price is $4.91.

Clear Channel Outdoor Holdings (NYSE:CCO) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.01) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The firm had revenue of $672.32 million for the quarter, compared to analysts’ expectations of $672.22 million. Clear Channel Outdoor Holdings had a net margin of 1.40% and a negative return on equity of 3.35%. On average, analysts forecast that Clear Channel Outdoor Holdings will post ($0.09) earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors bought a new stake in Clear Channel Outdoor Holdings during the second quarter valued at approximately $100,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Clear Channel Outdoor Holdings by 1.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,065 shares of the business services provider’s stock valued at $102,000 after buying an additional 300 shares during the period. Voya Investment Management LLC boosted its stake in Clear Channel Outdoor Holdings by 70.6% in the second quarter. Voya Investment Management LLC now owns 22,912 shares of the business services provider’s stock valued at $111,000 after buying an additional 9,485 shares during the period. Balyasny Asset Management LLC bought a new stake in Clear Channel Outdoor Holdings during the second quarter valued at approximately $152,000. Finally, Laurion Capital Management LP bought a new stake in Clear Channel Outdoor Holdings during the first quarter valued at approximately $215,000. 9.18% of the stock is currently owned by institutional investors and hedge funds.

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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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