Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) – Investment analysts at Barrington Research reduced their FY2017 earnings estimates for shares of Clear Channel Outdoor in a note issued to investors on Wednesday. Barrington Research analyst J. Goss now forecasts that the business services provider will earn ($0.22) per share for the year, down from their prior forecast of ($0.20). Barrington Research also issued estimates for Clear Channel Outdoor’s Q4 2017 earnings at $0.04 EPS, Q2 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.06 EPS, FY2018 earnings at ($0.13) EPS and FY2019 earnings at ($0.07) EPS.

CCO has been the topic of several other research reports. Zacks Investment Research downgraded shares of Clear Channel Outdoor from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. ValuEngine raised shares of Clear Channel Outdoor from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Scotiabank reaffirmed a “sell” rating and issued a $12.00 price target on shares of Clear Channel Outdoor in a research note on Monday. Finally, Loop Capital reduced their price target on shares of Clear Channel Outdoor from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $6.94.

Clear Channel Outdoor (NYSE:CCO) opened at $4.40 on Friday. The company has a market cap of $1,601.53, a PE ratio of 220.00 and a beta of 1.69. Clear Channel Outdoor has a 12 month low of $3.35 and a 12 month high of $6.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of -4.10.

A number of institutional investors have recently modified their holdings of CCO. Nationwide Fund Advisors bought a new position in Clear Channel Outdoor during the 2nd quarter worth about $100,000. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Clear Channel Outdoor 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 worth $102,000 after acquiring an additional 300 shares in the last quarter. Voya Investment Management LLC grew its holdings in Clear Channel Outdoor by 70.6% during the 2nd quarter. Voya Investment Management LLC now owns 22,912 shares of the business services provider’s stock worth $111,000 after acquiring an additional 9,485 shares in the last quarter. Balyasny Asset Management LLC bought a new position in Clear Channel Outdoor during the 2nd quarter worth about $152,000. Finally, Advisors Asset Management Inc. grew its holdings in Clear Channel Outdoor by 4,583.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 41,493 shares of the business services provider’s stock worth $193,000 after acquiring an additional 40,607 shares in the last quarter. Institutional investors own 9.47% of the company’s stock.

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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).

Earnings History and Estimates for Clear Channel Outdoor (NYSE:CCO)

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