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.

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in Clear Channel Outdoor by 5.6% during the second quarter. JPMorgan Chase & Co. now owns 5,696,145 shares of the business services provider’s stock worth $27,626,000 after buying an additional 300,142 shares during the period. Vanguard Group Inc. boosted its stake in Clear Channel Outdoor by 12.5% during the second quarter. Vanguard Group Inc. now owns 3,116,152 shares of the business services provider’s stock worth $15,114,000 after buying an additional 346,755 shares during the period. Alta Fundamental Advisers LLC purchased a new position in Clear Channel Outdoor during the second quarter worth about $2,636,000. Schwab Charles Investment Management Inc. boosted its stake in Clear Channel Outdoor by 73.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 147,806 shares of the business services provider’s stock worth $717,000 after buying an additional 62,769 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Clear Channel Outdoor by 38.2% during the second quarter. Bank of New York Mellon Corp now owns 202,561 shares of the business services provider’s stock worth $983,000 after buying an additional 55,961 shares during the period. 9.47% of the stock is owned by institutional investors.

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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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