Shares of Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) have been assigned a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $8.42.

Several brokerages have recently commented on CCO. ValuEngine upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research lowered Clear Channel Outdoor Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th.

Clear Channel Outdoor Holdings (NYSE:CCO) last issued its earnings results on Thursday, August 3rd. The business services provider reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $672.32 million during the quarter, compared to analyst estimates of $672.22 million. Clear Channel Outdoor Holdings had a negative return on equity of 3.35% and a net margin of 1.40%.

The business also recently disclosed a dividend, which was paid on Tuesday, October 31st. Investors of record on Thursday, October 26th were given a dividend of $0.0687 per share. The ex-dividend date was Wednesday, November 1st.

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A number of large investors have recently added to or reduced their stakes in CCO. Nationwide Fund Advisors acquired a new position in Clear Channel Outdoor Holdings during the 2nd quarter valued at approximately $100,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in Clear Channel Outdoor Holdings by 1.4% during the 2nd 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 purchasing an additional 300 shares during the period. Voya Investment Management LLC boosted its position in Clear Channel Outdoor Holdings by 70.6% during the 2nd quarter. Voya Investment Management LLC now owns 22,912 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 9,485 shares during the period. Balyasny Asset Management LLC acquired a new position in Clear Channel Outdoor Holdings during the 2nd quarter valued at approximately $152,000. Finally, Rhumbline Advisers boosted its position in Clear Channel Outdoor Holdings by 20.4% during the 2nd quarter. Rhumbline Advisers now owns 44,703 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 7,574 shares during the period. Institutional investors and hedge funds own 9.60% of the company’s stock.

About Clear Channel Outdoor Holdings

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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