Clear Channel Outdoor Holdings, Inc. Declares Dividend of $0.07 (CCO)
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) announced a dividend on Monday, September 18th, Fidelity reports. Investors of record on Monday, October 2nd will be paid a dividend of 0.0687 per share by the business services provider on Thursday, October 5th. The ex-dividend date is Friday, October 6th.
Shares of Clear Channel Outdoor Holdings (NYSE CCO) opened at 4.95 on Thursday. The stock has a market capitalization of $1.79 billion, a P/E ratio of 49.50 and a beta of 1.56. Clear Channel Outdoor Holdings has a 52 week low of $3.35 and a 52 week high of $6.35. The company has a 50-day moving average of $4.15 and a 200-day moving average of $4.65.
Clear Channel Outdoor Holdings (NYSE:CCO) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The company had revenue of $672.32 million during the quarter, compared to the consensus estimate of $672.22 million. Clear Channel Outdoor Holdings had a negative return on equity of 3.35% and a net margin of 1.40%. On average, analysts anticipate that Clear Channel Outdoor Holdings will post ($0.09) EPS for the current year.
CCO has been the subject of a number of recent research reports. BidaskClub upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research downgraded Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, ValuEngine upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Clear Channel Outdoor Holdings presently has an average rating of “Hold” and an average price target of $7.81.
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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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