Clear Channel Outdoor (CCO) Receives Sell Rating from Scotiabank
Clear Channel Outdoor (NYSE:CCO)‘s stock had its “sell” rating restated by Scotiabank in a research note issued to investors on Monday. They currently have a $12.00 target price on the business services provider’s stock. Scotiabank’s price objective points to a potential upside of 172.73% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Clear Channel Outdoor from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. ValuEngine raised shares of Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Finally, Loop Capital dropped their price objective on shares of Clear Channel Outdoor from $5.00 to $4.00 and set a “hold” rating for the company in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $6.94.
Shares of Clear Channel Outdoor (CCO) traded up $0.05 on Monday, hitting $4.40. 259,800 shares of the company were exchanged, compared to its average volume of 188,189. The company has a debt-to-equity ratio of -4.10, a current ratio of 1.47 and a quick ratio of 1.47. Clear Channel Outdoor has a 12-month low of $3.35 and a 12-month high of $6.35. The stock has a market capitalization of $1,550.00, a price-to-earnings ratio of 217.50 and a beta of 1.71.
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Clear Channel Outdoor 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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